BMO:TSX - Very clear bottom fishing for 1+ year out swing

Panjang

BANK OF MONTREAL (TSX:BMO)

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TSX:BMO BANK OF MONTREAL

I like taking BMO:TSX here as I believe it is oversold to the downside. Closest support is marked in blue - very closeby, and good probablility of breaking next week if we see market weakness. However YoY growth on this stock is generally positive and unless we are heading into a recession I believe this is a solid buy here - the most oversold this stock has been since the 2008 financial collapse, paying a whopping 4.45% dividend.

Add it to your longs!

Komen:

oh no too bad I didn't pick it up :(

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