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Trader6127

CIBC | 40% Short Trade Setup

Short
CANADIAN IMPERIAL BANK OF COMMERCE (TSX:CM)  
Trader6127  
TSX:CM   CANADIAN IMPERIAL BANK OF COMMERCE
Trend Analysis Chart Patterns Technical Indicators CM cibc canadabanks banks Stocks S&P/TSX Composite financials
3
0
trendanalysis chartpattern indicator cm cibc canadabanks banks stocks tsx financials
Confirmation: 99.65 (weekly candle)
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Target: 56.46
TF: Weekly
Leverage: 2x
Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line.

Monthly view:
snapshot

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