The following weekly chart goes back to 2011 and shows the percent of TSX stock above the 200-day moving average. To sustain a bull market, the percent needs to be above 50% and trending up or consolidating. At the present time, this indicator looks good.
“Technical Analysis is about putting the probabilities on your side.”
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.
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