Bank of New York Mel Daily (26.05.2014) Chart Technical Analysis
The Bank of New Your Mellon Corp (BK) daily chart shows the following signs:
The Price of BK made a Long movement with green candlesticks the last two weeks over the Tenkan Sen and gave a bullish signal getting over the KUMO. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200. In near past it has made a cup pattern. Now the BK price is in an ascending triangle with serious indicators to get over it. (Maybe with a liitle more delay in the triangle)
I expect that the stock will continue the bullish movement until the first resistance at $35,69 (the top of cup).
The Price of BK made a Long movement with green candlesticks the last two weeks over the Tenkan Sen and gave a bullish signal getting over the KUMO. The MACD is on bullish sign and the RSI too. The Stock is over the EMA200. In near past it has made a cup pattern. Now the BK price is in an ascending triangle with serious indicators to get over it. (Maybe with a liitle more delay in the triangle)
I expect that the stock will continue the bullish movement until the first resistance at $35,69 (the top of cup).
