Tag Archives: candlestick charts
The trend is up for the S&P/TSX
The long-term trend, intermediate trend and the short-term trend are all up for the S&P/TSX as of Friday, February 18.
All the technical indicators look good. But, the market had a good run and I think it is overextended. What will be the excuse to book profits? Investors are looking for a reason.
____________________________
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.
Copyright © TradeOnline.ca All rights reserved
Bearish Engulfing Pattern for Shoppers Drug Mart
Shoppers Drug Mart could not break $41.
Your online trading success does not depend on your predictions for the market: your success depends on your online trades in reaction to market signals.
Updated article on Shoppers published in the National Post on March 30, 2011: Expanded Shoppers Drug services could help earnings, analyst says.
Please reference three previous posts on Shoppers Drug Mart.
85.2% gain in the TSX since March, 2009
Technical analysis gives you a snapshot of the S&P/TSX composite.
It has been a good run, and now is the time to closely monitor the candlestick charts and confirming indicators for a top reversal pattern.
This is an excellent article from the National Post covering the fundamental valuation metrics for different markets: Did I miss the rally?
—————————————————
Note: This analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own 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.Copyright © TradeOnline.ca All rights reserved