Alex_Quiroga

Bank vs. Cryptocurrency #10 (BMO)

Long
NYSE:BMO   Bank Of Montreal
The resistance breakout was clear 10 weeks ago, but now looks confused because the pullback was too deep 3 weeks ago and the doubts begin for how it looks the chart
Look the resistance line is located in the 77.50 area and the Friday closing price was 78.48. Is above and looks bullish is price action and the main trend is bullish too.
The drop of the price 3 weeks ago was caused for one of the most volatility week in the history.
And from now on the companies that are solid will be the ones that will continue to lead the market in an environment
where the interest rates are up and the most favored are banks and financial institutions.