Long ZEB, long bottoming pattern, 200D Ma will be tough resistance and trend line. Plan to move stop into profit at next opportunity. Weekly indicators are turning higher.
After a 32% jump from this bear market’s current low on March 23, Canadian banks (equally weighted) stalled after a modest evening doji star; confirmed in the prior two sessions with half of an initial 10% reversal in the bag.
Today’s closing price is inline with support/resistance levels during the bear market of summer 2015.
If volume comes back, ZEB could...
