#CM Breakdown Confirmed: Bank Stock Enters Correction Phase TowaCanadian Imperial Bank of CommerceBATS:CMOmorfus#CM #short #activemanagement #investmentidea #stocks One of the trades we opened today in the premium channel, and it is still not too late to enter. ✅ Canadian Imperial Bank of Commerce #CM is one of the largest and most resilient banks in North America. 📊 FUNDAMENTAL ANALYSIS 🟢 CIBC is a large diversified bank with strong positions in retail banking, commercial banking, investment banking, and wealth management. 🟢 The business remains solid: the bank continues to deliver strong results in earnings, capital strength, and profitability, while also maintaining stable dividend payments to shareholders. 🟢 From a fundamental perspective, the company does not look weak. That is why this idea is based not on deterioration in the quality of the business, but on the probability of a technical correction after a strong upward move. 🔴 At the same time, the market is already beginning to price in slowdown risks: after a powerful rally, the stock looks overheated, and any risk-off move in the financial sector could increase pressure on the price. 🔴 Additional pressure factors include credit risks, sensitivity to the economic cycle, and possible deterioration in sentiment across the banking sector. 🛠 TECHNICAL ANALYSIS 📉 SHORT ▪️ On the daily timeframe, price has broken down from the ascending channel that had supported the trend since autumn ▪️ Previously, the lower boundary of the channel acted as support several times, but now that structure has been broken ▪️ After the breakdown, price is trading below the local trend support and is losing upward momentum ▪️ The 50 EMA is no longer holding price as confidently as before, and the move is shifting toward a deeper correction ▪️ RSI is declining and remains below its average, pointing to weakening bullish momentum ▪️ OsMA / MACD shows a fading bounce while the bearish structure remains intact ▪️ The nearest downside zone is $88.27, while the next target stands near $84.76, which is also close to the S1 level and the path toward the 200 EMA ↘️ TRADE 🎯 First target: $88.27 🎯 Second target: $84.76 📊 Downside potential: • to T1: about 7.9% • to T2: about 11.5% 💼 Portfolio #activemanagement ⚠️ The published ideas are not investment recommendations and reflect only the private opinion of the blog author.