RY Breakout Trade

By Johns Wu on Feb 19, 2006

RY, Royal Bank of Canada, has breakout potential in the next few days. I really like this chart for some reason.

The uptrend looks amazing and there are definitely a lot of breakout traders waiting on the sidelines on this stock.

This entry was posted on Sunday, February 19th, 2006 at 11:57 pm and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

9 Responses to “RY Breakout Trade”

By john on February 21st, 2006 at 11:20 am

A fake breakout today. I have notice lots of them lately. I think too many people are seeing them hence the high failure rate. I have been shorting them and have more successful than being long.
-cheers

By Jim on February 22nd, 2006 at 8:21 pm

New high today. Was it the breakout move that you were hoping for?

By helen on February 22nd, 2006 at 10:37 pm

I wish i knew how it was gonna split.
whether to buy before or after the split….

By Jim on February 23rd, 2006 at 10:01 am

You buy before the split. It is on the move now. It will get away on you.

By john on February 23rd, 2006 at 2:00 pm

took a pounding today. Glad I was short.

By Jim on February 23rd, 2006 at 2:52 pm

Royal Bank shares were up $.90 cents on the day. How can you call that a pounding? Being short on RY is mighty foolish.

By JWU on February 23rd, 2006 at 5:44 pm

yep RY has been flying lately

By Anonymous on February 25th, 2006 at 10:57 am

this is a well rumn company with great Q1 results, hold or accumalate as the split is coming. The upside 20 % growth is real.

By Wilsen on July 20th, 2007 at 8:06 am

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W

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