Bullish Piercing Pattern for the TSX Index
We may have a bottom in the recent sell-off but the intermediate trend is still down. A cash position of at least 50% is prudent in this market.
Reference the previous analysis of the TSX Index.
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.