View: RY-5 year.jpg

RY-5 year.jpg

Royal Bank of Canada: Bearish on commodity based economies? Short RY. Here you have the convergence of : 
1) a 20 year trend line 
2)a 200 day simple moving average 
3) 50 day DMA crossing 100 day DMA 
4) A nice lateral support line at $56.25 
5) March-October, is that a head and shoulders with a neckline at $57?

RY-5 year.jpg
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Comments

zu55895e24ea629zu55895e24ea629
well done. 8/18/15
Holy Hand GrenadeHoly Hand Grenade
Just noticed the same chart for Toronto Dominion Bank as well, except that TD has broken below a 1000 day simple moving average (200 week), arguing the whole Canadian banking sector looks go-ey. 8/18/15
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Holy Hand Grenade

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