ZEB LongCanadian banks progressing well, entry here on the 4 hour. Pure trend following with long SL.
ZEB trade ideas
ZEB entryLong ZEB, long bottoming pattern, 200D Ma will be tough resistance and trend line. Plan to move stop into profit at next opportunity. Weekly indicators are turning higher.
Bank's Ready for a TearPretty clear pattern on ZEB here. Strong support with potential 9% upside.
Plus collecting 4.5% dividend along the way!
ZEB - Canadian Banks losing steamAfter a 32% jump from this bear market’s current low on March 23, Canadian banks (equally weighted) stalled after a modest evening doji star; confirmed in the prior two sessions with half of an initial 10% reversal in the bag.
Today’s closing price is inline with support/resistance levels during the bear market of summer 2015.
If volume comes back, ZEB could get within 5% of the March 23rd low.
