Royalbankofcanada
Is RY forming a head-and-shoulders?* Big support between 125-127
* now reaching previous resistance (135) from November 2022
* It broke through this before (February 2023) but retreated back to support.
* Will it rally to a new high or stall out?
Honestly I don't know. Would love to hear your comments.
NYSE:RY TSX:RY
Royal Bank of Canada not so royal anymore. RYImmediate targets 111, 109, and 106.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe