INK Canadian Insider Index

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us for our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. In our last update, we suggested the Index was buying itself time to build momentum when it pulled back to its 960 base and expanded its box consolidation pattern.

Technical Overview by Nicholas Winton, Hedgehog Trader  and @HedgehogTrader on Twitter

Thank you for joining us for our weekly technical look at the INK Canadian Insider Index. In our last update, we observed the Index was locked in a very tight range between 980 and 1020 and that converging trend-lines would soon force it to make a move.

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us in our weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update the INK CIN Index has maintained its resolve and has refused to break down. In fact, having bounced off the 985 level, the Index is making incrementally higher lows and continues to consolidate ahead of a final resolution (shown by the two converging black lines). What's more, even though its Relative Strength Indicator has not climbed above the 50 level (which I think is needed for a breakout), its RSI is also quietly and bullishly, making higher lows. Meanwhile, it's the same story for the Index's MACD signal which bottomed in late August and has climbed steadily ever since.

Technical Overview by Nicholas Winton, Hedgehog Trader and @HedgehogTrader on Twitter

Thank you for joining us for our technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Since our last update in which we highlighted several bullish characteristics of its chart, the index bounced from the bottom of its consolidation pattern and rose 2% before pausing on Friday.