Chilean Stocks.
Pure Technical Projection.
Seems there's an iH&S in formation inside a symmetrical triangle.
It need to touch the dip of the right shoulder and from there start a new uptrend post 2018 correction.
For the end of this year this stock could gain from 9% to 20% in price value.
Enter next week.
Chilean Stocks.
Pure Technical Projection.
Price seems to be in the last part of a big C&H.
It could bounce on 4.5 to 5.2 before seek support around 3.8.
From there Entry Long safely.
With higher risk, hold (no SL) a Long Entry on 4.5 looking for 5.2, 5.9, 6.1 and 7 as targets.
Need to consider that price is already in the cloud and a bullish TK cross has happend.
Chilean Stocks.
Pure Technical Projection.
Price has been forming a symmetrical triangle since 7 years already. Now it will test the lower support again and will be crucial for next steps.
Support, Volume, Butterfly & Cloud:
-PRZ: Volume has risen significantly, so if price can hold at the lower band of the triangle, profits around 9 - 13% can be seen for the...
Chilean Stocks.
Pure Technical Projection.
ENTEL doesnt look well. It is in full downtrend, reaching historic lows ranges and the weekly chart paint an huge H&S through all the history of this stock, which i cant really say if it is valid or not. I guess this will be a crucial support test.
On the daily, one Butterfly is completed and retesting suport through an...
Chilean Stocks.
Pure Technical Projection.
Correction phase.
Seems there's an H&S pattern in process and near to complete.
If it breaks to the downside, it will complete the last leg of a big Bat.
The opportunity is to short and trade the reversal at the showed targets.
Chilean Stocks.
Pure Technical Projection.
In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete.
Anyway, as usual, there're opportunities to trade.
In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to...
Chilean Stocks.
Pure Technical Projection.
Banks never are bearish nor are in a bear-season nor under bear-control.
Banks are always bullish, unless a world crsis occur, but that's not the case today of course.
2018 has made a huge Bull Flag which after a long corrective sideway-flag market seems ready to breakout to new highs.
The weekly chart shows everything....
Chilean Stocks.
Pure Technical Projection.
Symmetrical Triangle since Jan 9 2018. Close to vertice.
H&S since Jun 29 2017. Completed.
Bearish Bat since May 15 2018. Completed and already retrace 0.382.
HIGH RISK!
Of course the counsequences of this breakout will be significants.
Chilean Stocks.
Pure Technical Projection.
Bat + Butterfly.
Seems price is in the bottom.
Could try to test support one more time and may be difficult to lift off the ground for a few weeks.
Cloud, EMA 55 and 144 may act as resistances during this period. But if price can hold inside the cloud future may be bright (long term targets above)
Chilean Stocks.
Pure Technical Projection.
In a full uptrend.
Could retest support, or simply start to break resistances that have been tested several times before.
Wait for the breakout.
Chilean Stocks.
Pure Technical Projection.
Bearish Harmonic in formation.
Last leg with a range profit between 9% and 32% for the end of year.
Targets in the way up.
Chilean Stocks.
Pure Technical Projection.
Price at historical lows, only seen between 2005-2006, at the end of 2008, and broken during 2014-17 period.
Big C&H completed.
Bearish Bat for stay on sideways before the bullrun (2x-3x).
