Should you invest in BAC, or even more generally, banks right now? No. BAC is likely going to come down. If we look at its scatter plot chart below we can see more clearly the likely trajectory here: Touching that linear line is almost a guaranteed IMO, which is a price point in the mid 30s. I also expect it to come to or at least close to that...
Intermediate target is $80. Long term is $20. Earnings for Canadian banks is in late August. With the pressure the BoC is placing on Canadian homeowners, already declining home prices, in addition to unrelenting inflation this earnings season could spur a massive wake-up call throughout the Canadian economy. It appears the BoC intends to lift rates 350bps by...
A large ascending triangle The middle trend line is a good place of support Double curve line is price continuation expectation
Is the largest bank in Canada, Royal Bank of Canada , able to have another push to the upside considering the looming recession or is it time to eject and reverse to short positions? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - impressive 32% last year P/E -...
Immediate targets 111, 109, and 106. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
US dollar vs Turkish-lira, now have a strong power to break higher recording price at 13.88 and it look to 14.55. — Upward Above 13.5g0 Tp.: 14.00& 14.30 &14.55 Sl.: 13.30
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.
Economy is heading north so buy some banks and it might take time in years but 200 should be a target in the next 5 years
Price is creating a lovely pattern (Head and shoulders). If price breaks the neckline, we'll see it dropping nicely for next days.
Expectation for the price up to 59.66 after if break the 0.5 level will going up to 0.38 level if the price respect the 0.5 level then will back to the down
RBC $RY large head and shoulders pattern forming, as the correction in September 2011 and January 2016 formed the base for the left shoulder. While the rally from 2016 to 2018-2019 formed the head of the top. Looking for RY to retrace to the base at $44 by March 2020. Short term retrace to lows of December 2018.
Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change...
Green line is CA10Y bond minus the average of the 5,2,1 and 3 month.
Confirmation: 103.60 Invalidation: Local high Type of Trade: Countercyclical (EMA50 above EMA200) Target: 92.19 TF:4HR Leverage: 2x Pattern: 1) daily double top with 2) trendline break, 3) untested 8/1 Gann, and 4) frothy fundamentals (insufficient loan loss provisions).
RY has filled a gap created back at the beginning of 2018 and we also see a potential large double top formation on the daily and weekly timeframes that is being formed by rejection. This is an opportunity to position short for a new downtrend on the lower timeframes, looking for support on the 8/1 Gann and as low as the 4/1 Gann. On the larger timeframe, don't...
Steve Eisman (depicted as Marc Baum in The Big Short movie) has publicly revealed the institutions he is shorting in anticipation of the next wave of credit normalization. They include RBC, CIBC, Home Capital Group, and Laurentian Bank. Steve has not revealed his targets or how far exactly the trade will go, so the estimates on the chart are my own. As you know,...