CM, Can. Imperial Bank of Commerce.

CMmar22 2011

A month (Feb 18) ago I presented this same chart. Today we are 47 cents higher than then but have been lower most of the time in between. The stock kept hugging the upper trend-line of this wedge formation. RSI and MACD have diverged for the longest time already but something is going to come out of the woodwork that will bring this stock back to the levels of August 2010, just 5 months after the financial meltdown. It should all happen soon and rapidly once it does.