Analyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
BMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.
Not financial Advice, Red Boxes are best places to retest in the short to the long term, consider profit taking based on risk taste. Will do a light rebound at each box is highlighted to scalp either upside or downside.
The PEAD projected a Bearish outlook for $BMO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
I personal love BMO, a reputable, and customer relationship focus bank, the business modeled is without a doubt stable and track record of conservative investments that promotes the long term growth of the company.
Ideally, being a good bank, doesn't avoid the direction the market could take the stock too. I've liquidated my positions on BMO, and waiting for a...
BMO has formed a very large Ascending Triangle
Price has broken out of this ascending Triangle and is looking to continue this bullish action, this is shown with the bars pattern in white
Ascending Triangles most of the time break out bullishly, especially one of this magnitude
The PEAD projected a Neutral outlook for $BMO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
The PEAD projected a Bullish outlook for $BMO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
Hello traders, BANK OF MONTREAL is in a bullish movement with a continuation of issued buy volume and a kind of hammer candle. The TIMEFRAME M1 shows us a marubozu with a low executed buy volume, just checked the base of the bollinger. To then go to the top of the balance zone to test it. Strong propability to breakout the price with the momentum then at the same...
If you're worried that growth stocks (the tech and now healthcare stocks) are just ridiculously valued, then perhaps you should think about Canadian bank stocks as a potential cushion against a potential market correction. Earnings beat analyst expectations. Yields are in excess of 4%. Loan loss provisions will gradually find their way back into bank earnings...
$BMO released its earning release with a positive under reaction following its earnings with the PEAD projecting a a slight bullish outlook, Placing the stock in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
