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
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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.