Rising Channel, Elliott Wave, Supply and Demand
it appears Bank of New York is heading for new high. For the very very big picture not shown here, we can see that from its all-time high printed in 2001, BK has only declined in a very choppy overlapping manner highly suggesting it is a counter trend move telling us eventually BK will move above 62. Now the question is are we going there right now or we are going...
After trading range-bound for quite a long time, Bank of New York Mellon Corp stayed within the price band of 35.60 – 38.55 seen in late 2006 and is now finally attempting to start moving upward. The gauge broke out of a diamond that shaped up within this gap to the upside, and the path toward the historic 50 mark is clear. Investors are advised to buy from the...
The Bank of New York (BK) found strong support in the lower medium-term bullish channel and the mean of 200 days located near 37.00 - $ 36.90, which, while this level is not broken down even could speculate further increases towards the middle and upper part of the channel in the first and 41.60 $ 40.00 - $ 42.00 later with previous highs. No additional increases...
Here are two possible scenarios for BK, i prefer going with the basis BB Line zone position which is more probable. There is also the second scenario (Lower BB zone) where a big drawback is possible because of the time the divergence has been present.
The Bank of New York Mellon Corporation provides various financial products and services worldwide and the stock has been under performing the stock market, but I think it is time to rip to the upside. Today we saw a trader buy almost 10,000 BK Sep 35 Calls for $1.08 which was over 6.0 times the normal volume in a day and control over 1 Million Shares of Stock. ...