A good earning report can pop the price of TSX:RY to the upper channel line.
3 reasons why?
1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction.
2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...
* Big support between 125-127
* now reaching previous resistance (135) from November 2022
* It broke through this before (February 2023) but retreated back to support.
* Will it rally to a new high or stall out?
Honestly I don't know. Would love to hear your comments.
NYSE:RY TSX:RY
Royal Bank of Canada has confirmed a Diamond Top pattern on the weekly, along with a breaking of the Moving Average. Upon breaking down, I think it will start a move down all the way to the 88.6% Retrace, likely near $46. Since the Diamond is a Neutral pattern and we have not gotten an official breakdown yet, I will still be on the lookout for a breakout in the...
The PEAD projected a bullish outlook for TSX:RY after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The PEAD projected a neutral outlook for $RY after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graph
This is a trade I will take the smallest amount of satisfaction in, which will be followed by disgust when those responsible once again fail upwards, disregarding all else.
Target: $20
The PEAD projected a Bullish outlook for $RY after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
