Tag: Toronto Dominion Bank

CFD Trading – Buy Toronto Dominion Bank (MS.NYS) @ $64.90. Stop @ $63.20 and Target @ $68.20.

Nicholas

Toronto Dominion Bank Stock Code TD.NYS

Outlook

Price broke and closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish with both its lines above the zero line. MACD is also hinting at a bullish price trend ahead. If price can stay above the cloud, it could be heading towards the previous high at $68.20 in the next 1-2 weeks.

Strategy                  

$64.90                Buy

$68.20                Price Target

$63.20                Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy Toronto Dominion Bank (TD.NYS) @$67.60. Stop @ $65.00 and Target @ $73.80.

Nicholas

Toronto Dominion Bank Stock Code TD.NYS

Outlook

Price tried to break above the cloud in the previous trading session but was capped by the upper edge of the cloud. Conversion line and Base line had a bullish crossover in the previous trading session and this could be a hint that price could be about to cross over the cloud soon. Lagging Span is below price of 26 days ago and is inside the cloud at the moment.  MACD has a bullish crossover and is hinting of a bullish price trend. MACD had a divergence warning as well, hinting of a possible price low at $62.80. If price is able to move above the cloud, it could be heading towards the next price resistance at $73.85.

Strategy                  

$67.60                Buy

$73.80                Price Target

$65.00                Risk Management Stop

3 weeks              Trade Duration