Friday, June 3, 2011

TSX Venture Exchange

Found this CDNX chart kicking around the chart list.  It was drawn up back in 2010 and the only thing I have altered was to extend the upper line of the Reverse Symmetrical Triangle (blue dotted), extend the massive resistance zone to current day and a red arrow for the weekly MACD down trigger.

Massive resistance held like a champ.  If weekly MACD goes sub zero, things are going to start feeling uncomfortable all around.  Visual support does not come into play until around 1700.

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