William Alligator : the stock is currently in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are bullish...
Hi friends
The daily chart of this market shows the uptrend in the next few days but we have to wait for the breakout at 89.10 level to wait for the target of 113.31
RY is showing increased volume indicating a typical accumulation and step by step uptrend. The previous ceiling is becoming the support twice, target price at $108 to test for ceiling to support strength to make new highs.
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.
$RY traded within its projected PEAD cone after a Positive over reaction following its earning release, trading well within the parameters of the projected cone
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$RY posted its earnings with a positive over reaction following its release with the PEAD projecting a bullish outlook, Placing the stock in Drift B
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Head and Shoulder
Pros:
Descending volume during formation
PPS below 50MA
R/R ratio above 7
ATR flat
RS flat and below 0
250RSI below 50
200MA descending
Cons:
PPS still above 200MA, but barely
If confirmed:
PT = 60.68$
