ZEB LongCanadian banks progressing well, entry here on the 4 hour. Pure trend following with long SL.
Key stats
About BMO EQUAL WEIGHT BANKS INDEX ETF TRUST UNIT
Expense ratio
0.28%
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Inception date
Oct 20, 2009
The fund is passively managed to provide exposure to the Canadian banking industry, which encompasses both major banks and regional banks. To be eligible for inclusion, companies should be TSX-listed and must meet investability and liquidity requirements, including a minimum market capitalization of CAD 10 billion. The index weights the resulting portfolio equally, instead of by market-cap, which lowers single-name blow-up risk and may cause a tilt to smaller firms. The index is reconstituted on a semi-annual basis.
Classification
What's in the fund
Exposure type
Finance
Stock breakdown by region
ZEB entryLong ZEB, long bottoming pattern, 200D Ma will be tough resistance and trend line. Plan to move stop into profit at next opportunity. Weekly indicators are turning higher.
Bank's Ready for a TearPretty clear pattern on ZEB here. Strong support with potential 9% upside.
Plus collecting 4.5% dividend along the way!
ZEB - Canadian Banks losing steamAfter a 32% jump from this bear market’s current low on March 23, Canadian banks (equally weighted) stalled after a modest evening doji star; confirmed in the prior two sessions with half of an initial 10% reversal in the bag.
Today’s closing price is inline with support/resistance levels during th
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Displays a symbol's price movements over previous years to identify recurring trends.