1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters.
2.The company now expects about C$200 to C$250 million of integration costs in the next two years.
3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement.
4.Bank of Nova Scotia should be able to benefit from strong economic growth in Latin America.
1.We have a descending that will give us the sign for a change of trend if of course we have a break above and a re-test.
2.We can see that price moved above the 200 but the has still negative slope and every time price did that failed to validate it moving again below it.That's why a double confirmation should give us a high probability sign for a buy.
3.We can also see that the strategy we are in consolidation phase on ,but looking under more longterm scope on a monthly chart is a nice buy after a pullback to the mean.
4. are not giving a reliable sign as we are in consolidation phase and they are nor respected.
ENTRY AT RE-TEST OF ABOVE 200EMA
STOP LOSS AT 73$ MONTHLY LOW AND BREAK OF ASCENDING
FIRST TARGET AT 85,50$ PREVIOUS HIGHS
SECOND TARGET WILL BE UPDATED IN NEXT ARTICLE!
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
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