The following is an excellent site for research: Natural Gas Weekly Update
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Natural Gas at major support around $2.60 MMBtu
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Tag Archives: Doji
Doji Star appears on the daily chart for Teck Resources
The doji star is a potent warning when it appears after a sustained uptrend. It is a yellow light indicating caution. And it is close to the 10.00 resistance zone. A gap down on Monday that closes deep into the two prior white candlesticks would complete the evening doji star pattern. If the stock advances on Monday towards the 12.00 resistance zone, the doji star is nullified. Monitor the price action and trade accordingly
6-Month Candlestick Chart
Reference: A view of the weekly chart for Teck Resources showing the major downtrend but an intermediate and near-term uptrend with the $10.00 resistance zone.
On the plus side: Copper continues to breakout in a near-term uptrend which bodes well for Teck Resources.
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+33.94% for the week! Intermediate and near-term uptrend
3 Year Weekly Chart
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
S&P 500 6-month daily candlestick chart
Red Flag! Doji appears on Friday’s chart at resistance of 2020
S&P 500 6-Month Daily Chart
Near-term uptrend in S&P 500 halted at 2020.
Reference my last chart analysis for the S&P 500.
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2015 TradeOnline.ca
TSX Index candlestick chart
Gravestone Doji and 13,500 resistance on the TSX daily chart
TSX Index Daily Candlestick chart courtesy of StockCharts.com
I am not surprised to see the gravestone doji on the today’s TSX candlestick daily chart. The doji is a significant reversal indicator. It indicates that the near-term trend that started on Monday has ended at the major resistance level of 13,500. Like I said, this is no surprise.
Reference previous posts for the TSX Index showing the 13,500 resistance level.
Natural Gas Monthly Price – US Dollars per Million Metric British Thermal Unit Nov,1993-Nov,2013
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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2013 TradeOnline.ca
Technical Analysis:TSX Index Daily chart
A failure to break resistance of 12,900
TSX Index 6 Month Daily Chart
On Wednesday, the TSX Index reached a 52 week high and a tentative breakout above resistance of 12,900.
On Thursdays, the doji candlestick showed the indecision of traders.
On Friday, traders made their decision. The shaven bottom candlestick shows the sell-off on above average volume. This does not bode well for trading on Monday.
Reference the last chart analysis for the TSX Index.
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Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
Technical Analysis: TSX Index candlestick chart
Can the TSX Index hold the 12,000 support level?
TSX Index Weekly Candlestick chart
Reference the last chart analysis for the TSX Index posted on April 6, 2012.
Relevant articles picked from the Web:
- Energy ETF a good bet for long term — FP — April 21, 2012
- TSX the worst performing major global market outside of France — FP — April 20, 2012
- In Canada, ‘sell in May and go away’ means buy bank and gold stocks — FP — April 18, 2012
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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.
© 2012 TradeOnline.ca
Precision Drilling technical analysis
Precision Drilling (PD:TSX) candlestick chart with a bullish engulfing pattern
Precision Drilling (PD:TSX) 2-Year Weekly Chart
Reference the previous chart analysis for Precision Drilling.
Precision Drilling Corporation (“Precision”) intends to release its 2011 first quarter results before the market opens on Tuesday, April 26, 2011 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day. Analysts expect earnings of 26 cents a share.
April 26, 2011 Update: The Calgary-based concern on Tuesday posted net earnings of $66 million, or 23 cents per share, for the three months ended March 31. That compared with net earnings of $57 million, or 20 cents per share, in the first quarter of 2010.
(PD:TSX) 1-Month Daily
What will be the reaction on the chart to the first quarter results? That is all that counts.
A doji candlestick (opens and closes at or very near the same level) formed on the daily chart at the end of trading for Tuesday, April 26, 2011. This was the reaction of the market to the first quarter results. It represents indecision and a battle between the bulls and the bears. Considering the recent run-up in the stock price, the fact that Precision Drilling stock did not sell off on the earnings miss is a positive reaction on the chart. Set alerts at $15.00 and $14.00 and monitor for the development of a consolidation pattern.
The doji candlestick has the same opening and closing price. In the Precision Drilling chart to the right, the doji is part of a consolidation pattern. But, the doji is an important candlestick especially for indicating tops. As in all technical analysis, you have to look at the total picture before making a decision based on one candlestick formation. Always look at the price action the next day to corroborate any pricing pattern.