d.vezeris
Long

Bank of New York Mel Weekly (22/2014) Chart Technical Analysis

NYSE:BK   BANK OF NEW YORK MELLON CORP (THE)
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The Bank of New Your Mellon Corp ( BK             ) weekly chart shows the following signs:

The Price of BK             made a doji over the Tenkan Sen and is on bullish signal over the KUMO. The MACD isneutral and the RSI bullish . The Stock is over the EMA200. In last post I described a cup with handle pattern.

I expect that the stock will continue the bullish movement until the first resistance at $35,69 (the top of cup).
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