3 Canadian Bank Stocks To Buy For 2018

Scotiabank network covers over 50 countries, including Asia, USA, Canada, Caribbean countries and Latin America (Including Brazil, Chile, Peru,Colombia, Mexico, Costa Rica, Dominican Republic, El Salvador, Guatemala,Panama, Puerto Rico and Uruguay).

A good entry will be key to maximize returns and the chart’s set up looks very similar to RBC’s. Here are 3 possible setups for a good entry:

  • You are looking to enter on a breakout to the upside of 80 CAD with a stop loss below 80 (depending on your risk tolerance and timeframes for holding).
  • The other option is to to buy in the lower area of the channel around 74 CAD should the price get rejected at the 80 CAD Area.
  • Another strategy could be to buy 50% mid channel around 76 CAD and another 50% either at the bottom of the channel or at the break of 80 CAD.

(Click on image to enlarge)

 

BNS canadian bank stock to buy 2018

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