ROYAL BANK OF CANADASatış
SHORT Royal Bank of Canada at 168.8 due to divergences
Hello!
Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI.
We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price.
Target is an 11% decline to the January 2022 high at $150.
Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio.
Thanks!
Kavi
Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI.
We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price.
Target is an 11% decline to the January 2022 high at $150.
Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio.
Thanks!
Kavi
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.