TMX is in a strong bullish trend. Its 200-day moving average is upwards sloping and the MACD is above 0 and rising. The MACD indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 30-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher. It could consolidate between the bands over the next few days before moving higher into its upward trend, possibly breaking through the most recent high.
