Another magic gann wheel setup.. enjoy! Cheers, Keops
Resistance at 200MA, should break and move higher. $TD $55 #Call
Close to 6mth low. RSI showing oversold scenario. Earnings just released, revenue positive, just that Act EPS didn’t beat estimates. MA cross didn’t cross yet but I have a feeling that it should in a couple of days. Dividend yield 4-5% very promising to keep paying out dividends.
This is the time to exercise your patience guys! Last week I thought that TD was breaking out of the resistance of $77.46 which it did.... FOR ONLY LIKE 2 DAYS!! Then it retraces back to the 20/50 EMA. TD is playing it safe and so are the investors. Can we expect future events from the chart? Maybe. I see that the MACD is also moving sideways and it has no...
With XLF looking strong time to start watching some banks.
Look's like Wave 4 is complete and heading for Wave 5, potential $90 is coming.
TD showing strength compared to the other Toronto based financial institutions like CIBC, HCG, LB, etc., but may present a good opportunity to add to our "short Canada" trade.
For one of my long term dividend holds, this might signal a new entry to pick up a short term swing to collect some capital gains and offset the original cost of my long term position.
Maybe setting up for a right shoulder like it did back in 2007. I don't see how banks can outperform now.. housing is slowing down.. the fed's have distorted the markets with their rate schemes. Even customers don't even know what to do but complain, lose debit cards, and try to dispute fees. That's today's banking. I don't see what would cause to break to record...
RSI looks terribly consistent with no confirmed supports... just a bubble going up and down without any form or structure. CMF is negative and in black. Stochastic is armed for Knock Out. - this bank holds major mortgages of rich ppl - rich houses are going DOWN across multiple continents as we speak. Why ? their owners have no more liquidity to pay for...