The PEAD projected a Bullish outlook for $CM after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
NYSE:CM Double Top Evening Star on 20 and 50 EMAs MACD reset and reaccelerating down Bottom trendline breaking
CM is at an all-time high. A good PUT entry position would be close to $115 BlueWave is giving Red Dot sell signals + A Bearish Divergence Stochastic RSI is OverBought 78% Fib Level acting as a potential Resistance level
Hello traders, CANADIAN IMPERIAL BANK OF COMMEERCE is in a bullish configartion with a hammer candle and high volume buy executed. On the TIMEFRAME M1 we see a dragon doji with a strong continuation of the volume of purchases made, it goes towards the top of the stabilization zone to retest it. Strong potential to breakout the price with the momentum of both the...
The PEAD projected a bullish outlook following a positive under reaction for $CM placing the stock in Drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
All Canadian banks show similar patterns. Downtrend over the last 2+ years. Broke support to the downside last March leaving a decent size gap. Bounce over the last few weeks to cover the gap and fail at previous support, now resistance. going down imo.
Green line is CA10Y bond minus the average of the 5,2,1 and 3 month.
Time to look for an entry here, best seems Canadian Imperial Bank of Commerce. Maybe it is better to wait for a small bounce and enter then/
This stock is lagging compared with others in the Financial Industry and compared with past examples of this series of publications I say this based in the highs of 2007 before the drop in 2008 because others leaders in this industry already surpassed the highs of 2007 Others are between the 2007 and 2008 highs but not above And other very lagging are below the...
CM - coiled stochastic breakout + divergence in progress. Target = $83.10
Friday formed the 2/3 leg of the evening star reversal pattern w/ 4.2x's normal volume. Will be short if price breaks below 81.19.