Get started
AthenaCapital

TSX Utilities - Interesting juncture

S&P/TSX Capped Utilities Index (TSX:TTUT)  
AthenaCapital  
TSX:TTUT   S&P/TSX Capped Utilities Index
Trend Analysis Chart Patterns S&P/TSX Composite utilities tsxutilities FORTIS FTS canada
0
0
trendanalysis chartpattern tsx utilities tsxutilities fortis fts canada
Second test of the 200 dma for the utilities and what comes next ?

Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ?

Utilities are notoriously defensive stocks held as last resort for safety and yield

My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness don't try to buy the dip too soon most likely will get more opportunities in 2022

favorites amongst this sector are TA - FTS - SPB
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.