INK Canadian Insider Index rises again, closes at 1280.14

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage
Mon, 02/26/2018 - 2:38 am Nicholas Winton, High on the Hog

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index continued its rebound and added 8.8 points for a 0.7% gain to close at 1280.14.

Support moves up to 1270 and 1275. Resistance is at 1280 and 1289.

Our short-term momentum indicator, RSI, rose 7.9 points to 55.8 and has now more than doubled from its lows this month. RSI typically needs to head into the 60s and 70s to make some hay on the upside. So we'll keep an eye on that.

MACD rose to 5.45 points and its slow and fast lines continued to climb and remain on a buy signal (as mentioned in last week's blog - this could be significant as this was its first since early December).

The INK CIN has now rallied 4.2% in two weeks, erasing a fair chunk of the 5.8% it shed during its tumble. Looking ahead to this week, bulls will hope the INK CIN holds above 1260 which marks a downtrend line it burst up and through last week. Now, should the INK CIN manage to hold its recent gains, there is a gap-fill at 1295 that could provide a target for the next couple of weeks.
 

buy footwear | Air Jordan Release Dates 2020

Tags:

Category:

Join the discussion in INK Chat!