Bears recently lost some momentum at Franco-Nevada, though not before driving the stock to a new local low. While upward resistance is emerging, a downward trend remains evident.
Primary Scenario
After reaching the high of the current upward cycle, we expect a more significant correction phase, which should initially push price below support at C$254.13.
Alternative Scenario
In our alternative scenario, the stock would move directly—without setting new highs—into a sell-off below C$254.13 (probability: 40%).
Primary Scenario
After reaching the high of the current upward cycle, we expect a more significant correction phase, which should initially push price below support at C$254.13.
Alternative Scenario
In our alternative scenario, the stock would move directly—without setting new highs—into a sell-off below C$254.13 (probability: 40%).
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🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.