Don't Ignore This Chart!

Tim Horton's Hits the P&F Triple Bottom Breakdown Scan


Even though Tim Horton's remains in an uptrend since 2009 and above the Bullish Support Line, it recently broke triple bottom support and triggered a bearish signal on the Point & Figure chart. This breakdown points to further weakness with a price objective (PO) around 45. You can find more signals on our predefined scans page.

Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus