The Bank of Nova Scotia ( TSX:BNS ) reported second-quarter earnings that narrowly beat analyst estimates, but profits fell year-over-year due to uncertainty around interest rate cuts and inflation in the U.S. and abroad. Total revenue increased year-over-year to 8.35 billion Canadian dollars ($6.13 billion), up from last year's mark of C$7.91 billion and narrowly...
$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing...
I like this bank, I personally use it and they have been around for more than 100 years I think... I can see now why they are panicking but should they be worrying after being around for so long? The market moves in cycles... After a crash down comes a wave up. Anyway, the main support for the Bank Of Nova Scotia (BNS) is the Fib. retracement level at 64.95. ...
TSX:BNS After we are clear of earnings, I'll be looking for the price to pull back to the Nov 28 resistance of 71.50 near the 50 SMA and 50 EMA (old resistance becoming new support). If we can get confirmation with a reversal pattern double/ triple bottom or inverted Head and Shoulder, I'll be looking to enter with Real Life Tradings momo indicator. Stop loss...
Waiting for a possible second leg up, or small scalp only. Watch levels on the chart. Good luck traders
Up Channel apparent on this non-log chart A down channel can also be drawn which further emphasizes a soon to come bottom point Weekly timeframe, bulls will likely continue
I'm not rich enough to gamble profits due to position size but I anticipate a retreat here to $87 or maybe $85 to take the heat off. What a run, what a beast. Wish I had of stuck to my dad's philosophy about Cnd bank stocks when I was getting started. "Buy them". $1 Dividend!!
Just playing around. I'm long all day all night on BNS. Good time to buy imo, $100 here we come
long here as resistance is broken on 4 hour and hourly
On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle. If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003. On a 5 year chart attached to this all time log scale chart there's been a golden...
Looking at this chart I see a price range between $53 and $50. Watching moving average to act as resistance. $50 being a physiological support. Scotch RSI looks to be going up so rejection at $53 is very possible in the near feature. If price breaks $53 we could see a test of $60. It seems that currently probability slightly favors bears though its not like...
Green line is CA10Y bond minus the average of the 5,2,1 and 3 month.
FUBDAMENTALS Summary 1.Bank of Nova Scotia has announced 6 acquisitions in the past few quarters. 2.The company now expects about C$200 to C$250 million of integration costs in the next two years. 3.The bank should be able to achieve significant synergies and improve its operational efficiency through back-end systems improvement. 4.Bank of Nova Scotia should...
I think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the...
www.fool.ca HCG Contagion idea