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Tim Hortons Inc. Common Shares Message Board

  • stockineer stockineer Sep 17, 2013 8:06 PM Flag

    THI TECHNICALS AND CHART

    Hey guys, I received a request from a reader to do a quick technical look at THI's chart and technicals. I obviously can't post the annotated chart here, but I can paste the quick summary to hopefully aid in your decisions:

    "The technical details and discussion are annotated on the chart below. I’m most concerned about the negative divergences occurring. Looking back, almost every major peak was negatively diverging and it’s potentially setting up to be another. Price has risen during these negatively diverging periods so it’s not necessarily a reason to exit immediately, although no one would argue if you were to do so. It’s merely a suggestion to keep a rising stop to protect from a correction. I’ve drawn the trading channel so you can understand the risk/reward. Price is right in the middle so it’s an even ratio, but take a look at the internal trendline I’ve drawn. This could very well represent a location for price to stall, especially with other indicators confirming the RSI trendline resistance, like CCI (not shown, but you could plot it). Also, stochastics are overbought putting better odds in a pullback than a continued run. So that’s my two cents…good luck with your choices."

    I posted whole article and chart on Stockineer if you find this sort of thing of value in your investing. Good luck guys....just sharing my two cents.

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