Based on a triple top formation, it took 63 days to form. Therefore my belief is we will see a .786 fib retracement to the 82.90 mark over the next 63 days... June 2.
All comments an thoughts are welcom
Watching BNS for buy confirmation
Waiting is the hardest part. You need patience for most of the best trades. I've been watching this setup for the Bank of Nova Scotia as solid technical elements are lining up.
1D Heiken ashi chart reversal in play
● Doji formed at the bottom of the last downswing
● Positive momentum of both RSI and MACD indicators
● Strong...
I'm not rich enough to gamble profits due to position size but I anticipate a retreat here to $87 or maybe $85 to take the heat off. What a run, what a beast. Wish I had of stuck to my dad's philosophy about Cnd bank stocks when I was getting started. "Buy them". $1 Dividend!!
good sign for selling, but For the coming days, if the trend crosses the line, sell immediately, but if it is not its resistance, you should buy, but with caution
Long Pros:
-GAP Fill
-Bullish Impulse
-Congestion around previous support (now resistance?)
Cons:
-Lots of real commercial / office real estate that COVID could impact.
BANK OF NOVA SCOTIA
Our share has been calmed, continuing to rise strongly upward as it has been terminated The vendors' role came to show their orders and there were volumes Large buyers
Looking at this chart I see a price range between $53 and $50. Watching moving average to act as resistance. $50 being a physiological support.
Scotch RSI looks to be going up so rejection at $53 is very possible in the near feature. If price breaks $53 we could see a test of $60. It seems that currently probability slightly favors bears though its not like...
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.
TSX
