The Canadian Technician

Materials Starting to Show Bullish Trends.

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

Some interesting charts showing up in the materials sector.

Here is one I like.

LIF.TO 20121203
This one has so many positive technical Queues I like.

Here is a link to the Gallery view. Is there anything not to like? 

Gallery

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

Greg Schnell
About the author: , 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). Learn More