Short term view - BANK OF NEW YORK MELLON CORP : The resistance has been passed.
Our previous opinion was neutral.We turn positive with a target at 44,9 $ and an invalidation level at 42,6 $.
The bullish trend unfolds.
Arguments :
- The resistance has been passed.
- The bullish gap opened as prices break out of the pattern announces a rally.
Bank of New York Mellon divides its businesses into two business segments, Investment Services and Investment Management. The company also has an Other segment, which includes the leasing portfolio, corporate treasury activities, derivatives and other trading activity, corporate and bank-owned life insurance, renewable energy investments and business exits. The company's two principal United States banking subsidiaries engage in trust and custody activities, investment management services, banking services and various securities-related activities. The company has four other United States bank and/or trust company subsidiaries concentrating on trust products and services across the United States.
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