Some interesting charts showing up in the materials sector.
Here is one I like.
This one has so many positive technical Queues I like.
Here is a link to the Gallery view. Is there anything not to like?
The materials are performing stronger. Some have nice h/s bottom patterns on the weekly charts that are breaking out. Stops are always important when testing necklines or previous highs.
How did I find this? It was on the top performing list on the $TSX today on the homepage.
Good Trading,
Greg Schnell, CMT
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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