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What The Charts Say – Nike

Nike Inc. rallied from US$35.30 to US$68.19 (A-B) above its rising 40-week Moving Average (40wMA) and above a rising trend-line (dotted line). In early 2016, the stock fell below its average and the rising trend-line and stayed in a wide horizontal trading range...

What The Charts Say – Intact Financial

Intact Financial Corp. rallied from $56.35 to $95.77 (A-B) and then traded in a mostly horizontal trend, without rising above $96-$98 for the subsequent two and a half years (dashed line). The rise above this level signalled a breakout, renewed investor interest and...

What The Charts Say – Norbord

We published on Norbord Inc. on July 23, 2016 ($30.98), to report that a move above $29-30 would signal a breakout and higher targets. Soon thereafter, the stock broke above the top of the trading range (dashed lines) and has been in an up-trend above its rising...

What the Charts Say – Avigilon

Avigilon declined from $34.50 to $11.20 (A-B) and then settled into a bullish technical pattern known as an Inverse Head-and-Shoulder (solid lines). The recent rise above the neckline of this formation (dotted line) signalled the breakout and the start of a new up-leg...

What the Charts Say – Bullish on Pembina Pipeline

Pembina Pipeline had a major decline from $53.04 to $26.05 (A-B). In early-2016 it rallied toward ±$44 and then stayed in a horizontal trading range mostly between $39 and $44. This price action produced a bullish technical pattern known as a V-Extended (dashed...