After a good run 
CM is up around 12% from the time of writing since the last chart was put out. (Link at bottom)
As there is plenty of resistance around this level i think it's best to sell.
I think we could see a very deep retrace from here, so I'll be watching to re-buy around $100 if I can!
Keep watching for bullish price action below, and don't get greedy!
Overall i consider this stock a really good pick! Definitely a keeper, with a great dividend.
Not expecting it to break lower trendline.
Previous chart:
(tradingview.com/chart/CM/y2zHzakn-CIBC-Trendline-support/)
CM is up around 12% from the time of writing since the last chart was put out. (Link at bottom)As there is plenty of resistance around this level i think it's best to sell.
I think we could see a very deep retrace from here, so I'll be watching to re-buy around $100 if I can!
Keep watching for bullish price action below, and don't get greedy!
Overall i consider this stock a really good pick! Definitely a keeper, with a great dividend.
Not expecting it to break lower trendline.
Previous chart:
(tradingview.com/chart/CM/y2zHzakn-CIBC-Trendline-support/)
Trade chiuso: obiettivo raggiunto
Out of short. WIll look for long entryNota
Is this a minor top?This would be the ideal scenario.
However, not 100% confident this is the top. Still hoping to buy around $100~
Right now looking like the bottom should be $99-102~
Nota
Close to major resistance again.No point in going long here, the risk isn't worth the reward.
Will consider a long, with a break over $112.
Otherwise still aiming for that $100 ish area.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.