A good earning report can pop the price of
RY
to the upper channel line.
3 reasons why?
1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction.
2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for longer.
3. MACD histogram is positive.
That's a stock that I will watch closely.
What do you think? Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
RY
to the upper channel line. 3 reasons why?
1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction.
2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for longer.
3. MACD histogram is positive.
That's a stock that I will watch closely.
What do you think? Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.