Price is more than likely going to stay within this price range from this point forward as even though the monthly timeframe is producing a bearish sentiment the smaller timeframes such as the weekly daily and four hour timeframe are receiving price action from buyers as it is being propped up around the high 70s or 79$ range. Ive got a daily to the left and four...
Weekly bear flag
Weekly 200 week SMA being tested too many times
Weekly under Red Ichimoku cloud
Volume spike at the top of the daily green ichimoku cloud suggesting heavy selling
TP1: Daily level identified
TP2: 100 month SMA
Weakness of current support level.
Could lead to further downwards price developments.
Next support levels around 57 coinciding with the Covid19 lows.
Potential H&S pattern in the making on higher timeframes.
Similar price developments across most banking stocks.
Based on cycling through daily l, 4 hour, 2 hour,1 hour and 15 min market cipher, rsi and macd td bank will bank down in price signaling a possible economic decline, expect to buy back in around august-december, great opportunity for dividend investors as this also applies to other Canadian and American legacy banks and other financial institutions as well as...
TD is offering "Variable Rate Deferred Mortgages" to keep things afloat, while extending amortization periods from 25 to 30 years.
Bank of Canada is stuck at 4.5% interest rates, if they hike further it make cause a housing crisis.
Value-Finder
This chart pattern shows a double bottom formation, where the current price has hit a low point twice before rebounding. The pattern is currently at the low point of the second bottom and is indicating a potential trend reversal. This chart pattern suggests that the asset is now preparing to ascend to a target price, making it a good idea to consider...
Some Bank stocks are looking very interesting to me.
Panic is reaching a high because of everything going on with banks in the US like SVB.
I see TD is coming in to some strong long term support lines on very oversold volume.
Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
Our algorithm has shown an unfolding Head and shoulders pattern in TD. We still need to see how it ends, but be aware because buying at 63$ could be a very profitable investment if the HnS finally breaks the upper resistance.
As simple as this. Enjoy trading.
The PEAD projected a Bullish outlook for $TD after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 77.78%.
