StatusTracking | |
Trade# | 1 |
Current Holding | Chevron (NYSE:CVX) |
Purchase Price (CDN$) | $87.82 |
Current Price (CDN$) | $85.00 |
Gain/Loss | -3.20% |
This is do-it-yourself investing 101– up and down, hoping for gains, cringing at losses, and controlling emotions. We'd rather be up 4% going into week three, but we/re down 3.2% Temporarily off track.
Such is life, business, and pleasure. The course that you set out to get to the end takes a few detours. What matters is that you take the detours and get to where you need to be.
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You have to analyze the facts, and leave the emotions on the side.
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Dow Jones Industrial Analysis (DJIA): Bull/bear split almost 50/50
Integrated Oil Industry Analysis: Indications of trend reversal – current trend up, on the cusp of trending down
Chevron Candlestick Analysis (Monthly Chart): Price wasn't able to break resistance, and the hanging man logged on Friday indicate this one is going over the week or month.
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1288987200000&chddm=3910&chddi=1800&chls=CandleStick&q=NYSE:CVX&ntsp=0&fct=big
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1288987200000&chddm=3910&chddi=1800&chls=CandleStick&q=NYSE:CVX&ntsp=0&fct=big
5-Day Chart: Three white soldiers and high volumes closed the week, indicating the price will go up on Monday
1-Day Chart: Three white soldiers and high volumes closed the day, indicating the price will go up on Monday
http://ca.finance.yahoo.com/q/bc?s=CVX&t=5d&l=on&z=l&q=c&c=
http://ca.finance.yahoo.com/q/bc?s=CVX&t=5d&l=on&z=l&q=c&c=
Conclusion: Continue to hold. Tomorrow we should be in the green.
Recommended picks for tomorrow on the TSX are TD.TO or ABX.TO based on technical analysis.
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