NA.PR.E has broken above its own high from two weeks ago, after consolidation last week. That's a 2-1-2 bullish continuation in #TheStrat Full timeframe continuity as well; UP on the year (and obviously quarter), month (today is the first day of March) and up on the year as well. It did not test last week's low, and the low of its consolidation week wasn't...
Big 6 Canadian Banks Since Sept 2 2008.
Big 6 Canadian Banks Since Sept 2 2008
Looking at Big 6 Canadian Banks daily numbers since Jan 2 2019.
Looking at the performance of the Canadian big 6 (Big 5 plus National Bank) since Sept 2 2008.
TSX:NA NA is below the 200 DMA and YTD VWAP Earnings report is tomorrow. It will be interesting to see how price reacts. This is setting up for a short.
The decline of National Bank of Canada stocks accelerated within the formation of a diamond pattern. The zone of a left elbow gap (52.60 – 52.00) was left behind, also with a gap, which raises the likelihood that the stock is rapidly approaching the boundary of the pattern around USD 50.00 per share. The additional support level for the stock in this area is...