TSX Index has a new support level and a chance to test 12,800
The reversal of roles is an important concept in technical analysis. Yes, I am ready to declare a new support level of 12,500 and a chance for the TSX to test resistance 12,800.
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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