ckoosh

ckoosh Updated 

Technicals - RSI on 1 4 and daily have bottomed out or are diverging from a long down trend - broke out of a long daily downtrend - broke out of a shorter daily downtrend (apr 23 - may 19) - CM Williams Fix on 1hr shows Buy signal (feb 23 - apr 2) - VERY strong support around 1.74 (1hr, 4hr, Daily charts) - Volume has been declining on the down trend for the past...

ckoosh Updated 

Red arrows show where up-trend was broken Green arrows show where price bounced down from previous up-trend (reversal indication) If breaks below 44.15, downtrend should be confirmed

ckoosh

Currently looking at a long term (weekly) downtrend vs a shorter term uptrend (daily) - Hitting daily support at $45 - Hitting lower daily bollinger band - Somewhat negative signal on RSI, but nothing confirmative - No earnings or dividends for 2 months - price will be more affected by technicals during this timeframe 2 trade possibilities 1. if long term...

ckoosh Updated 

Chart has notes, trend lines, and trading hypothesis. Note that my trend lines don't use strict candlestick high/low marks - they use high/low CLOSE values, and I try and have them cross through as many high/low close values as possible to confirm trends.

ckoosh Updated 

Looking for short confirmed breakdown below 38.85. Below that there is no support until around 38.22. Indicators: 1. Double bounce off upper down trend 2. Didn't sustain rally after earnings 3. Broke bullish 4H MA down 4. Currently in a 4H downtrend and creeping on the convection point No RSI confirmation either way, indicator is neutral.

ckoosh

The overall market correction is pulling everything down - at least for the short term (1-4 weeks), but for CIBC the fundamentals bulls will line up with the technical bulls around May 17th. Depending on Market conditions this could be a major swing for CIBC. Notes on technical analysis are in the chart. I try to keep my charts clean and use only common,...