This is the time to exercise your patience guys!
Last week I thought that TD was breaking out of the resistance of $77.46 which it did.... FOR ONLY LIKE 2 DAYS!!
Then it retraces back to the 20/50 EMA. TD is playing it safe and so are the investors.
Can we expect future events from the chart? Maybe.
I see that the MACD is also moving sideways and it has no intention of changing to a bull direction.
Majority of the stock I am look at is either bearish or moving sideways. It is getting comfortable doing just that.
Looking at the TSX it is struggling to breakthrough its resistance as well.
So just sit tight and wait it out.
Last week I thought that TD was breaking out of the resistance of $77.46 which it did.... FOR ONLY LIKE 2 DAYS!!
Then it retraces back to the 20/50 EMA. TD is playing it safe and so are the investors.
Can we expect future events from the chart? Maybe.
I see that the MACD is also moving sideways and it has no intention of changing to a bull direction.
Majority of the stock I am look at is either bearish or moving sideways. It is getting comfortable doing just that.
Looking at the TSX it is struggling to breakthrough its resistance as well.
So just sit tight and wait it out.