NYSE:MTB
M&T Bank Corporation (NYS: MTB) announced recently plans to invest heavily on a tech hub to develop financial technology.
Those investment announcements usually have a temporary downward effect on the price, even if the long term effect on fundamentals is positive.
In fact, M&T associated companies have shown interest in financial technology such as...
Looks like this bank stays in its uptrend. Tested support line and breaking out from a wedge.
RSI: Long support line holding, do not like the falling highs...
MACD: Positive crossover
WMA: 10 above 20
Volume: High volume when reacting on support.
Targets: 196 and 220
One of my favorites technique is trading rectangles. What i really like is to find a Stock that is on the resistance of the price and at the same time in the resistance of time. What I do is multiply the distance in days between the first two tops in the rectangle by the fibonacci proportions. This gives me the next inflections days in the future. As we can see...
