RY pullback to the 50 EMA Long

ROYAL BANK OF CANADATSX

Description

⋅ Aug 27, 2017 11:53 AM

Possibly interesting area here.

Monthly charts still showing an intact uptrend.

RY consolidating near the 50 ema on the weekly.

StochasticsRSI showing a bullish divergence.

The ideal scenario to watch for is a further pullback to the 50ema, Heiken Ashi turns from red to green, then a breakthrough of the descending the trend line.

Trend Analysis Chart Patterns