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Quotendance
Mar 26, 2020 7:02 PM

TSX KEEP SELLING- I DO NOT TRUST THE REBOND Short

S&P/TSX Composite indexTSX

Description

Good afternoon or Good evening,

My wife received a call from her bank, the bank told her it's good time to buy stocks and the agent asked her to invest now because the stocks are cheap. I do not think it is a good time to buy stocks and if the banks call the customer to tell them it's a good time to purchase stocks that can be dangerous for people they do not have stock knowledge because this crisis is not done yet and probably some companies will go bankrupt.

Ok, what the chart says, The market built a triangle pattern that we notice earlier this month. The market did a rebond but I do not trust it all and keep think the market will be selling again.

If you want to invest, gold is a good idea but you have to do your own search before invest.


Comments
backskreetbull
Rebound* and the chart for technical analysis cannot be fully trusted during the Pandemic, if the cases x10 overnight well you can bet none of the markets are going to do well, if the case spread slows the gains will be great, goes for oil with saudi/russia as well.
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