Aug. 11 at 1:28 PM
$BMO Bank of Montreal stock, watch for a top of range breakout, see also
$CM at https://www.stockconsultant.com/?BMO
Breakout trade
WATCH for possible breakout above 184.27
Target: 193.9, 6.6% Stop: 179.3 Loss: 1.4%
P/L ratio: 4.7 : 1 - Excellent
BULLISH
[Timing] Mild bullish 3 day candlestick pattern.
[Timing] breakout watch above 184.27, no resistance in area just above.
BEARISH
[Positioning] Intermediate trend possibly bearish, Uptrend turned sideways, may continue or pullback.
[Positioning] at resistance.
