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!
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Technical Analysis for January 27th 2006
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| STOCK: BOMBARDIER BBD |
WEBSITE: www.bombardier.com |
| CURRENT PRICE: 2.99 |
TREND: UP TREND CONTINUATION |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This Canadian listed stock has been through some rough times over the past few years. The stock seems to have support around $2.30, and is showing some good technical signs. The MACD seems like it wants to go higher from current levels, and the cash flows are showing less outflows; therefore, those that wanted to get out may be gone, and the stock may be ready for some upward momentum here. On the short term chart, things are looking good as well, the stock recently moved above both averages, which is an excellent sign, and the MACD is treading higher as well.
Overall, this stock is looking pretty good here, on both the short and long end of things, with some weak resistance at about $3.25 and $3.50.
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If our technical analysis was of value to you:
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| STOCK: FREEWEST RESOURCES CANADA FWR |
WEBSITE: |
| CURRENT PRICE: 3.45 |
TREND: BOUNCING OFF SUPPORT |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This small cap Canadian Resource Company has been bouncing around for years now, with some very decent trading opportunities. The stock has found solid support around $0.15, and has consistently bounced off this level for some healthy gains, as it recently did with a 45% jump. The stock has come off a bit, but the long term MACD is not sure if it wants to head up or down at this point. Over the last two weeks, it has jumped in a wide $0.06 trading range, which is huge for this stock. On the short side, the stock is again showing signs of possible gains; with a penny rise yesterday, but sill lacks conviction. You should watch the MACD carefully, as it may be turning here, which may yield impressive gains.
This stock is very enticing, and you may want to take a stab at it by dabbing here a bit, but don’t dive in too far, watch the technicals closely, especially the long term MACD.
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If our technical analysis was of value to you:
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| STOCK: MARUM RESOURCES MMU |
WEBSITE: www.marumresources.com |
| CURRENT PRICE: 0.12 |
TREND: TRADING RANGE, POSSIBLE BREAKOUT |
| TARGET PRICE: N/A |
RECOMMENDATION: SPECULATIVE BUY |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This tiny Canadian Resource Company has an interesting chart. On the long term chart, wild swings are apparent, which could yield traders impressive profits. The cash flows have been positive for almost the entire period of the chart, which shows that there continues to be interest in this stock. The MACD also seems like its itching to head higher, with it near a positive cross over here. On the short term chart, we can see a clear trading channel from $0.10 to $0.12, which could net 20% profits, if you can catch the bottom and top of the channels in your trades. That’s not the exciting part though. If this stock can break this pattern, and head upwards, as the MACD is suggesting, gains could be explosive.
You can play the channel and profit nicely with this stock, but it’s a bit tricky because daily volume is not very high. Its very risky playing the channel with a low volume stock, its best to look at the possible breakout, and follow it. A nice stock to watch at these levels.
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If our technical analysis was of value to you:
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