The Canadian Technician

One Ringy Dingy, Two Ringy Dingy, Three Ringy Dingy

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

Those of us that are old enough to know the One Ringy Dingy story with Lilly Tomlin calling might just get a chuckle out of the youtube replay. I put the link here to make sure you don't miss out on some laughter. One Ringy Dingy

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After Rogers announced the accumulation of all the Canadian broadcast rights to the NHL for 12 years, I poked my nose in on the stock again today. Woot Woot, a nice little breakout.


RCI:B.TO 20131129

Checking on Vancouver's own Telus shows us a similar story. Telus popped above short term resistance, but also took out the May highs in November.

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Our friends at Bell are telling a similar story, but not quite at the same level as Telus.

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Out west, Shaw offers home phone but has not entered the cellular market. Here is Shaw.

SJR:B.TO 20131129

While all of them are interesting today, we are reminded that they are utilities which is a move to safety usually. These companies have been so profitable, they are also being bought for the expansion of cellular devices, internet devices, and broadcasting  breadth in Canada. 

Maybe it's just Ms. Tomlin finally got the cheque from Mr. Veetle. It is November!  

Good Trading,

Greg Schnell, CMT

 

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More