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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。