Bank of New York Mel Daily (26.05.2014) Chart Technical Analysis
The Bank of New Your Mellon Corp (BK) daily chart shows the following signs:
The Price of BK made a Long movement with green candlesticks the last two weeks over the Tenkan Sen and gave a bullish signal getting over the KUMO. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200. In near past it has made a cup pattern. Now the BK price is in an ascending triangle with serious indicators to get over it. (Maybe with a liitle more delay in the triangle)
I expect that the stock will continue the bullish movement until the first resistance at $35,69 (the top of cup).
The Price of BK made a Long movement with green candlesticks the last two weeks over the Tenkan Sen and gave a bullish signal getting over the KUMO. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200. In near past it has made a cup pattern. Now the BK price is in an ascending triangle with serious indicators to get over it. (Maybe with a liitle more delay in the triangle)
I expect that the stock will continue the bullish movement until the first resistance at $35,69 (the top of cup).
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.