Great chart set up for a long position for 1-day trade. Love that it is trading at 30% of its 50-day volume average, It has been down for 13 days, and RSI of 34 is great. TSX:BNS
FUBDAMENTALS Summary
1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters.
2.The company now expects about C$200 to C$250 million of integration costs in the next two years.
3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement.
4.Bank of Nova Scotia should...
FUBDAMENTALS Summary
1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters.
2.The company now expects about C$200 to C$250 million of integration costs in the next two years.
3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement.
4.Bank of Nova Scotia should...
Scotiabank in danger of breaking 200 EMA support.
A weekly close below 76.75 will change the weekly trend to BEARISH.
Wait for the weekly close - then all subsequent pullbacks to be shorted.
Next major level of support around 73.50.
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As someone with BNS holdings I am going to be cutting back my position and taking profits. Why?
The main reason is illsutrated in the chart above, the stock has had a tremendous rally in recent months and is now trading at a 10% premium to its 200D EMA. Since 2013 there have been two other instances where BNS was trading 10% over the 200D EMA and over the...
Bank of Nova Scotia engages in the provision of financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Other. The Other segment includes group treasury, smaller operating segments and business line elimination items. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada.
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BNS
