TSX Index could not hold the old trading range
TSX Index Daily Chart courtesy of StockCharts.com
The TSX Index could not hold support of 12,600 in the old lateral trading range. Will the near-term downtrend stop at the support level of 12,300? If not, the TSX will move down to the support level of 12,000.
Should you invest in the TSX? The above chart is your answer. Now take a look at another chart.
Reference the last chart analysis for the TSX Index.
Relevant articles picked from the Web:
- Premarket: Nikkei surges, commodities sink on China data — Globe — June 10, 2013
______________________________
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 author of this article may hold long or short positions in the featured stock or index.
© 2013 TradeOnline.ca