Tag Archives: near-term trend

Copper testing major resistance at $2.30

Intermediate trend is sideways with a near-term uptrend
Copper thre year weekly chart showing the near-term uptrend.

Copper 3-Year Weekly Chart

Reference my last chart analysis for copper.

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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

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S&P 500 Index daily chart

Near-term uptrend with next resistance level at 2040
S&P 500 daily chart showing the near-term uptrend and resistance at 2040

S&P 500 1-Year Daily chart

Reference the last chart analysis for the S&P 500 Index.

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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

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iShares MSCI Japan ETF weekly chart

Near-term uptrend for EWJ with resiatance at 12.25

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Near-term uptrend for EWJ. Bullish white candlestick for the week with a shaven head and shaven bottom. Will test major resistance of 12.25.

iShares MSCI Japan ETF

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“It is all 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.

© 2014 TradeOnline.ca

WestJet (WJA) daily chart

Near-term uptrend for WestJet
WestJet daily chart showing the resistance level of $33

WestJet (WJA) Daily Chart

News Release December 3, 2014: WestJet Airlines reported a November load factor of 80.5 per cent, up from 79.7 per cent a year ago.

http://www.westjet.com/guest/en/media-investors/key-dates.shtml

WestJet reports earnings November 4, 2014.

______________________________

“It is all 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.

© 2014 TradeOnline.ca

Technical Analysis: Dow Jones Industrial Average

Near-term uptrend with major resistance at 16600

Near-term uptrend for Dow Jones Industrial Average with major resistance at 16600.

There are three trends: major trend, intermediate trend and near-term trend. The major trend is up, the intermediate trend is sideways and the near-term trend in up.

Note the divergence and downtrend for MACD.

Conclusion: the Dow Jones Industrial Index will meet heavy resistance at 16600. Always trade in the direction of the major trend but in this case a little caution is warranted.

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“Keep it Simple”

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.

Copper 1-year daily bar chart

Copper near-term uptrend and resistance zone
Copper chart showing the near-term uptrend and the resistance zone.

Copper 1-Year Daily Bar Chart courtesy of StockCharts.com

The major trend is down, the intermediate trend is sideways and the near-term trend is up. I am focusing on the near-term trend (last three weeks) in this analysis. The near-term trend is up and the resistance zone is identified on the above chart. A break above the resistance zone would indicate a target of $3.80. The price of copper is a good proxy for the growth in the world economy:in particular for China. A breakout above the resistance zone would bode well for the TSX Index which has a relatively large weighting in base metal stocks. A failure for copper to breakout above the resistance zone would indicate that the TSX Index will not breakout above the 13,500 resistance level.

Reference the last chart analysis for copper based on the weekly chart.

Reference the last chart analysis for the TSX Index.

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“It is not when you buy that counts, it is when you sell”

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 weekly candlestick chart

Near-term uptrend for TSX with major resistance at 12,900
Near-term uptrend for the TSX Index with major resistance around 12,900

TSX Index Weekly Chart courtesy of StockCharts.com

The magic number is the March, 2013 high of 12,904. There is a high probability for a test of the 12,900 major resistance zone.

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.