Technical Forecast for SXF

 


S&P/TSX 60 held a narrow range as we start to look overbought on the daily chart & stochastic turns negative. Risks could be increasing for a sell off on profit taking this week. Support at 724.50 but if we continue lower we should test 722.20/10 before a buying opportunity at 720/719 at this stage.


 


Resistance at 728/729 held the topside on Friday but above here, 733/734 remains a selling opportunity.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!