INK Canadian Insider Index consolidates near 20-day moving average

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.

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index dipped 6 points to close at 1189 (just below its 20-day moving average of 1191).

Our momentum indicators weakened and face headwinds in the form of downward trending resistance (mostly lower highs since the New Year). Our short-term indicator, RSI, dropped 11 points to 50.9, snapping a four-week string of gains. MACD dipped 0.2 to 4.34.

Overhead resistance is at 1200 and 1212. Support sits at 1183 (50-day moving average) and 1174 (its lower Bollinger band).

While the chart looks fairly quiet at first glance, it is bullish to see the Index's 20-day moving average aggressively punch up and through the 50-day moving average. If price can rise and hold above the 1190 level, this more bullish alignment of the Index's moving averages may begin to give the Index a strong boost higher.

Best Authentic Sneakers | M2k Tekno

Join the discussion in INK Chat!