Well Up or down who's to stay
I like the project so I am Long term Bullish.(1-5 years) some real interesting stuff but I am not here to shill just draw lines for myself really to make myself feel better about calls and short term plays
It looks like it'll check the bottom again into the Buy areas(purple) and continue to crab along nicely until it breaks out of the...
This stock is a longterm hold (years) always trends up, good dividend stock, it's looking for a higher breakout for all time highs. Also check out XFN for Canadian bank etf. Financials will see higher prices.
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Pattern: 1) daily double top with 2) trendline break, 3) untested 8/1 Gann, and 4) frothy fundamentals (insufficient loan loss provisions).
NYSE:RY has over $222 billion in debt, which are mostly mortgages sensitive to interest rates rising.
Interest rates will remain low, which will cause a falling dollar.
The Canadian oil industry is a lot worse than USA and other parts of the world with break even costs at $60-65+ for oil sands. See the WCS Western Canada...