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TSX Weekly Chart Analysis – Can The Index Surge Above 14800

Wednesday, January 28th, 2015

TSX-weekly-chart-analysis-Jan.28.2015
If it breaks resistance at 14800, then it is possible it may go a bit higher towards 15000. However, if it doesn’t then we are looking at a downward move to 14000 and if it crashes through that support then it goes down to next support 13600.

Looking at the weekly chart, the main trend is down, but when it hits a support for instance like 13600 a few weeks back it roared higher…where it is going to go remains to be seen in the next coming weeks.

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Tags: 14800, Analysis, Can The Index Surge Above, TSX, Weekly Chart
Posted in Economy, Stock Trading, Technical Analysis, Trading Psychology | Comments Off

TSX Plunges / Drop 483 Points During The Day As Oil Prices Retreat

Monday, December 8th, 2014

Toronto-Stock-Exchange-Dec.8.2014-down-391-points_MoneyAccumulator.com_
Earlier in the day the Toronto Stock Exchange (TSX) dropped 292 points, then it went down to 391 points.

Toronto-Stock-Exchange-Dec.8.2014-down-483-points_MoneyAccumulator.com_
Then the TSX went lower by 483 points.

After lunch however, it really tanked lower. As you can see from the weekly chart, chart below, that it has failed to go above 15550 and is plunging down to 13600 points. If it breaks that on the downside then watch out.
Toronto-Stock-Exchange-Dec.8.2014-down-483-points_wkly-MoneyAccumulator.com_