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 March 29 2006
|
| STOCK: CONNACHER OIL & GAS (CLL) |
WEBSITE: www.connacheroil.com |
| CURRENT PRICE: 5.04 CAD |
TREND: RESUMING UP TREND |
| TARGET PRICE: 5.75+ |
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
|
CLL Technical Analysis
CONNACHER OIL & GAS is a Canadian listed stock that has done very well over the past few years. We did analysis on this stock earlier this year, recommending it at $3.73, which was a great call on our part, not to brag of course! ( Click here for the report ). Starting with the long term chart, you can see that the stock has been in a consolidation phase after the run up in the beginning of the year, and since then, it looks like it has reached a turning point here, and may be ready to move. According to the indicators, the MACD is showing some premature signs of bottoming here, and if this is the case, go long! The money flows are also very bullish, there continues to be money flowing into the stock, even during this recent pullback, which is extremely encouraging. Lets zoom in and take a closer look, by viewing the yearly chart. There are a few very bullish signs showing up here. First of all, note that the consolidation phase has reached a peak here, and is also is hugging the 50 day moving average as well, and has not broken below this support line. More important though, is what happens to the price when it has reached this support line in the past, yes, it has gone up (but that’s not a reason to buy on its own though). The second major point is the way the MACD is acting here. It has gone through a few attempts to go down, but each one is unsuccessful, resulting in a bullish cross over any day now. And the last positive point is the RSI, which is holding its ground very well, and has started to tread higher here too.
Bottom line, things are looking very bullish here, and this may be an opportune time to enter as this stock looks like its primed for a bullish run here!
|
If our technical analysis was of value to you:
|
|
|
|
|
|
|
|
Technical Analysis Ads
|
MadMoney TA
If you are looking to make mad money, you have to visit the mad money web sites that have what you are looking for. Link today!
www.MadMoneyTA.com
|
TSX TA
Looking for links to TSX listed stocks, including picks and analysis? Find helpful links now!
www.TsxTA.com
|
NYSE TA
NYSE stock market picks, reports, analysis, for some of largest American companies. Get linked today.
www.NyseTA.com
|
DOW JONES TA
The DOW listed stocks can provide you with some of the best blue chip companies to invest in, get the information you need today. Link to those that can help.
www.DowJonesTA.com
|
NASDAQ TA
Are there still opportunties to make money in NASDAQ listed stocks in todays bull market? Get linked to those that can help you today.
www.NasdaqTA.com
|
|
Top Technical Analysis Links
|
|
|
