BCE is in an uptrend and reports Thursday, May 12
Reference the previous analysis for BCE.
Reference the previous analysis for BCE.
What are the key points from the above chart of the TSX?
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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
© 2011 TradeOnline.ca
Reference last weeks analysis which was also a consolidation story for the TSX Index. This is in stark contrast to the S&P 500 Index and the Nasdaq Composite Index which are in an uptrend.
Also reference the most recent analysis of the TSX based on the daily candlestick chart which identified the possibility of a double top.
When trading online, you always deal in probabilities. And the probability of a downside correction is greater than an upside breakout. It has been a good run for the TSX Index.
Read the National Post article: Now’s the time to diversify away from Canada.
What are the key points to note on this chart of the TSX index?
Reference the previous chart analysis of the TSX index.
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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
The key points from the above candlestick chart are:
Reference the website for Canadian Natural Resources to review the fundamental data.
Reference the Globe and Mail article: Canaccord boosts oil forecast, upgrades energy stocks.
View a more recent analysis for CNQ showing critical support levels.
View the Home Page for current charts.
The key points from the above chart are:
You can input the advanced chart settings for BigCharts and view the 3-year chart for JNJ.
Reference the Johnson & Johnson website for the fundamental data on the company. Reference Fox Business for a profile of Johnson & Johnson (JNJ).
Beyond the cliff, dividends, M&A beckon for big pharma is a recent article from the Financial Post.
April 27, 2011 update: Johnson & Johnson is to buy Swiss medical devices maker Synthes Incfor 19 billion Swiss francs (US$21.59 billion) in its largest ever buy, boosting its surgical business and reshaping the wider industry.
May 27, 2011 update: J&J Now the “Best Biotech Play”, Says Goldman
______________________________
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
The most important points from the above chart of the S&P/TSX index are:
A neutral trading strategy is recommended — do not add to long positions — for Canadian stocks with alerts at the highlighted support levels.
Read this interesting article: Bull market quietly enters new phase.
The most important points from the above chart for Precision Drilling are:
You should maintain a neutral trading strategy at this stage with alerts at $14.00 and $13.00. A close above $14.00 will indicate a possible attempt to break resistance at $14.50. You could add to long positions with a close above $14.50 but this depends on the volume and other indicators at the time of the break. A close below $13.00 would indicate a possible test of support at $12.00. You would liquidate long positions if the stock closed below $12.00 with the next support test at $10.50.
You can reference the previous chart analysis for Precision Drilling. Also visit the company website for fundamental data.
Reference BigChart.com for the most recent one year daily chart.
Update for April 20, 2011: RBC raises Precision Drilling Corp price target to C$16 from C$12.50; rating outperform.
______________________________
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.