RBC $RY large head and shoulders pattern forming, as the correction in September 2011 and January 2016 formed the base for the left shoulder. While the rally from 2016 to 2018-2019 formed the head of the top.
Looking for RY to retrace to the base at $44 by March 2020.
Short term retrace to lows of December 2018.
This is what tax cuts and buy backs look like.
"Return of Capital to Shareholders
For the full year of 2018, Mastercard repurchased approximately 26.2 million shares at a cost of $4.9 billion and
paid $1.0 billion in dividends. "
"During the fourth quarter of 2018, Mastercard repurchased approximately 4.4 million shares at a cost of $888
million and paid $259...