CM shares have broken out of a $112 to $115.50 trading range and rallied toward $118.00 after EPS came in way above street. They still face resistance between the $120 round number and $120.80 where they peaked in a double top earlier this year. With other Canadian banks faltering short of their 52-week highs even though the shares have the wind at their back...
CM - coiled stochastic breakout + divergence in progress. Target = $83.10
Friday formed the 2/3 leg of the evening star reversal pattern w/ 4.2x's normal volume. Will be short if price breaks below 81.19.