All five major Canadian banks continue to show extreme weakness with no bottom in sight.
ROYAL BANK OF CANADA - RY-TC
Monthly chart remains bearish with no buy signal/pattern evident on this timeframe. Look for continuation lower in the days/weeks ahead.
CANADIAN IMPERIAL BANK OF COMMERCE (CIBC) - CM-TC
Monthly chart remains weak with no buy signal/pattern evident on this timeframe. Look for continuation lower in the days/weeks ahead.
TORONTO DOMINION BANK OF CANADA - TD-TC
Monthly chart shows continued weakness with no buy signal/pattern evident on this timeframe. Look for continuation lower in the days/weeks ahead.
BANK OF MONTREAL - BMO-TC
Monthly chart continues to show weakness with no buy signal/pattern evident on this timeframe. Look for continuation lower in the days/weeks ahead.
BANK OF NOVA SCOTIA - BNS-TC
Monthly chart continues to show weakness with no buy signal/pattern evident on this timeframe. Look for continuation lower in the days/weeks ahead.
No comments:
Post a Comment