Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
Link this report to your website or message board; just copy and paste the text below.
Technical Analysis for January 13th 2006
|
| STOCK: TAHERA CORP (TAH) |
WEBSITE: www.tahera.com |
| CURRENT PRICE: 0.68 |
TREND: RESUMPTION OF UPTREND |
| TARGET PRICE: 0.85 |
RECOMMENDATION: SPECULATIVE BUY |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Is this the next Debeers in the making? No we don't have the answer to that question, but technically speaking, this has had a healthy run over the past few months.
The MACD looks like it was ready for a break, but this week, it snapped back off of the lows, signalling continuation of the trend (if it closes the week off near the high 0.60's). The short term MACD
confirms the recent snap back, and shows that its going higher from here, but confirmation will be needed to pass the previous high of about 0.70. Short term, it also shows support at the 50 DMA, as it came off of it
pretty quickly, further proof the uptrend may continue here. The long term resistence is also at 0.69, which it has passed, but not for an extended period of time, so we'll say 0.70 is the ceiling. If it can break above 0.73 on high volume,
the stock should trade much higher.
Risk reward ratio is looking pretty good here, there could be a substantial runnup. Small position may be taken here if your anxious, or wait until a breakout confirmation is made.
|
If our technical analysis was of value to you:
|
|
|
|
| STOCK: YUKON ZINK CORP (YZC) |
WEBSITE: N/A |
| CURRENT PRICE: 0.40 |
TREND: TIME FOR A PAUSE IN THE UPTREND |
| TARGET PRICE: N/A |
RECOMMENDATION: WAIT FOR A DROP |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Another small cap Canadian resource company. This stock has stormed higher like many of the others in this sector.
Long term, the trend seems like its higher, with the stock price facing resistence at its current level. Proof of possible profit taking is shown
with the close off of its recent highs. Confirmation of continued upward momentum would suggest a higher close than where it is currently trading at. The MACD is singing the same tune of a pause in this
uptrend. The resistence line at this level also is apparent, so a strong close above this price would suggest continuation of the trend, but it seems unlikely. On the short term charts, the MACD is looking for a negative cross over, which further suggests that short term pressure could mount from here, and if confirmation occurs with the cross over, it could drop to about 0.35.
Like always, the trend needs to be followed closely, but more likely than not, the stock should come down from here.
It would be wise to wait for the stock to come down from these levels before taking a position. On the other hand, if it breaks to the upside, the run may still continue.
|
If our technical analysis was of value to you:
|
|
|
|
| STOCK: CONNACHER OIL & GAS (CLL) |
WEBSITE: www.connacheroil.com |
| CURRENT PRICE: 3.73 |
TREND: RESUMING UPTREND |
| TARGET PRICE: 4.10+ |
RECOMMENDATION: BUY |
|
Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
|
Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
|
Rounding out our analysis will be this third Canadian stock. Over the past 18 months, if you held this stock, life has been pretty good to you. The long term up trend is in tact following a few weeks of idle movement until recently,
when the stock came down a bit only to be bid back up to the current price. The long term MACD is showing signs of a possible down trend developing, as the MACD heads lower. Confirmation should be provided over the coming weeks on whether the MACD will resume a downward course or not.
The trend line on the yearly chart clearly shows the period of recent consolidation, and the probablity of it going up from here. The MACD came down over the past couple of weeks, yet the price did not decline very much, and now the MACD is ready to head back up again. The short term picture is thus looking
fairly positive, which should influence the long term chart, hence cause the long term MACD to possibly tread higher.
Short term picture looks good, but the long term is not very clear. The charts need to be examined as the weeks progress, but for now, this stock should trade well.
|
If our technical analysis was of value to you:
|
|
|
|
|
|
|
|
