TSX back to the trading range of 12,200 to 12,500
The resistance level of 12,200 identified on the last chart of the TSX Index is now the support level. The reversal of roles is an important concept in technical analysis.
Relevant articles picked from the Web:
- RBC’s top picks for 2013 — FP — December 20, 2012
- Coal to rival oil as dominant energy source by 2017: IEA — FP — December 18, 2012
- David Rosenberg reveals his 2013 market call — FP — December 18, 2012
- Oil industry faced with ‘serious challenge’ as pipelines fill up, TD warns — FP — December 17, 2012
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. 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.
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