Monthly Archives: March 2015


Breakout for S&P China ETF.

SPDR S&P China ETF is on the verge of a confirmed breakout. Need a monthly close above 84 to confirm the implied measured move added to the breakout line (resistance). Target 108. Here is the monthly candle chart. The weekly candle chart shows this week’s gap up above the breakout line. Zoom in on the […]


Has Tesla Motors topped out?

A +1 year top is being formed and on verge of breakdown for Tesla (TSLA:NASDAQ). Here is the monthly candle chart. The weekly candle chart shows the multiple tests of the breakdown line (resistance) at 180. Zoom in on the price action with the 1 year daily candle chart. Closing in… I have an implied […]


ERROR: Out of memory for SanDisk Corp.

SanDisk (SNDK:NASDAQ) had a good run after breaking out of that HUGE 6 year base back in early 2013. A year and a half later, it reached it’s target. Patience does pay off! After some consolidation, a top formation is formed and now breaking down. Here is the 10 year monthly candle chart. The 5 […]


ISHARES Global Financials ETF poised for continuation breakout.

ISHARES Global Financials ETF has been consolidating for the past year and is testing the breakout line (resistance). A confirmed breakout will give a target coinciding with the current target from the previous  BIG 4 year base. Here is the 6 year monthly candle chart. The 5 year weekly candle chart shows the multiple test […]


Valent Pharmaceuticals going parabolic!

Enter Valent Pharma (VRX:TSE).  After a 1 year consolidation pattern, Valent has exploded in outer space! The breakout line was at 160 and the target was reached 2 months later. Check it out on the 8 year monthly candle chart. The 5 year weekly candle chart is giving no signs for entry. This needs to morph into […]


Requested analysis for Encana Corp.

Got a friendly request to check out Encana (ECA:TSE). Let’s do it! Here is the monthly candle 8 year chart. HUGE descending channel with a breakdown confirmed. Target 10. The 5 year weekly candle chart shows the recent retest of the breakdown line now turned resistance at 17.50. Zooming in on the daily candle 1 year […]


Toyota breaking out!

Toyota Motors (NYSE:TM) is in progress of breaking out. Here is the monthly candle chart. You can see a previous breakout reach it’s target, now we are in the next leg up. The weekly candle 5 year chart show the weekly candle closing above the breakout line. This could still be noise, that is why […]


Just doing it with Nike!

Nike (NKE:NYSE) has been running uphill at a fast pace. Has been consolidating for the past 5 months. Is it ready for a next leg up? Let’s check the 10 year monthly candle chart to start. Ascending trend line still valid. The arrows are the implied measured move added to the breakout line. Here is the weekly candle chart […]


Blue screen for Microsoft?

Wrote a post on Microsoft Jan. 28 after a BIG gap down. Here is the link. A support line is being traced on the 40 level. The monthly candle 10 year chart is showing the carving out process of a top formation. The arrows are the implied measured moves added to the breakout lines. The weekly […]


Where is CGI at?

Check this previous post from Jan 12.  Here we are +2 moths later. Let’s see where CGI group Inc. (NYSE:GIB) is at today. Enter the monthly candle chart (8 years). Breakout confirmed. Valid target of 47.50.  Here is the weekly chart. Etching close and closer. Zoom on the daily chart (1 year) shows some turbulence (noise) on […]