RY.PR.M trade ideas

WavesInvesting

A good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...

khalid1988

I think there is a bullback on the trend and the market will continue to rise

Said_ELHORCHI

Gap + break the Gravity centre + pull back ROYAL BANK OF CANADA go to down

ChemistNate Updated 

* Big support between 125-127 * now reaching previous resistance (135) from November 2022 * It broke through this before (February 2023) but retreated back to support. * Will it rally to a new high or stall out? Honestly I don't know. Would love to hear your comments. NYSE:RY TSX:RY

RizeSenpai

Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the...

MECT_EW

Elliott Wave Analysis Royal Bank Of Canada Details on the chart

MECT_EW

Elliott Wave Analysis Royal Bank Of Canada Details on the chart

MikeMM Updated 

Would be a great place for a long when we get there, could short the way down. Invalidation = break above descending traingle.

EPSMomentum

The PEAD projected a bullish outlook for TSX:RY after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.

BitOreo

On the Daily i see Head and Shoulders Pattern with a price of $113. What do you think?

EPSMomentum

The PEAD projected a neutral outlook for $RY after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.

burak_tradingchannels

Royal Bank of Canada is out of this textbook bull flag so it should target new all time highs from here.

ChristieCapital

RBC breaking above a declining trend channel. Looking for a break back above the 200-day MA.

yassir90

Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph

CBMMR

This is a trade I will take the smallest amount of satisfaction in, which will be followed by disgust when those responsible once again fail upwards, disregarding all else. Target: $20

EPSMomentum

The PEAD projected a Bullish outlook for $RY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.

ChristieCapital

RY is indicating a bullish divergence in the MACD. A rebound is taking shape.

CBMMR

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...