LeoVazquez

found strong support in the lower medium-term bullish channel

NYSE:BK   BANK OF NEW YORK MELLON CORP (THE)
48 0 3
The Bank of New York ( BK             ) found strong support in the lower medium-term bullish channel and the mean of 200 days located near 37.00 - $ 36.90, which, while this level is not broken down even could speculate further increases towards the middle and upper part of the channel in the first and 41.60 $ 40.00 - $ 42.00 later with previous highs. No additional increases in the medium term are discarded pointing to $ 45, a major stumbling block along the top of the figure in question technique.


The scheme increases will remain alive while 36.90 lows are not exceeded. Otherwise, progress mentioned would be postponed and alerting for continuity adjustment towards the 35.00 - $ 34.50 and even $ 33.00, with lower supports.

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