All canadian banks remain technically weak and bearish with no signs whatsoever of a bottom at this time.
ROYAL BANK OF CANADA - RY-TC
Monthly chart shows new low made this month. Stock price remains well below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe.
Weekly chart shows continued downside weakness with no buy signal/pattern evident on this timeframe.
TORONTO DOMINION BANK OF CANADA - TD-TC
Monthly chart shows continued weakness with no buy signal/pattern evident on this timeframe.
Weekly chart remains extremely weak with no buy signal/pattern evident on this timeframe.
Daily chart shows that sellers gapped down Friday's trading session open in their haste to exit their positions. No buy signal/pattern evident on this timeframe.
BANK OF NOVA SCOTIA - BNS-TC
Monthly chart remains very weak with no buy signal/pattern evident on this timeframe.
Weekly chart remains weak with no buy signal/pattern on this timeframe.
Daily chart remains extremely weak with the price well below all key moving averages and the down trendline in place. No buy signal/pattern evident on this timeframe.
CANADIAN IMPERIAL BANK OF COMMERCE - CM-TC
Monthly chart remains weak with index well below all key moving averages and the down trendline in place.
Weekly chart remains bearish with no buy signal/pattern evident on this timeframe.
Daily chart shows increasing downside momentum. Look for continuation lower. Downside targets are $35 to $30 area.
BANK OF MONTREAL - BMO-TC
Monthly chart remains bearish with no buy signal/pattern evident on this timeframe.
Weekly chart remains very weak with no buy signal/pattern evident on this timeframe.
Daily chart shows increasing downside momentum. No buy signal/pattern evident on this timeframe.
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