Stock price when the opinion was issued
Breakouts are good, and they typically last for a while. Based on the recent quick move, you can expect a pullback.
Looking at the 5-year chart, could meet some resistance at the $95 high of early 2022. But there isn't a big wall. Look back from late 2022 to mid-2024, there was a wall of around $70. One point in history is going to cause some resistance, but it's not as bad as multiple tests that can cause significant resistance.
It's broken an up trendline. That doesn't mean it's bearish. It's been sideways, range-trading. He doesn't see a big rally coming up. BNS is exposed to Latin America and Argentina has some issues with debt and deficits--their peso is
plunging. This has partially triggered the recent sell-off. He would lighten his holdings.