The algorithm is proposing a trade in ITUB which seems quite interesting. A channel has been formed creating a kind of big flag.
The most probable scenario is a bounce to the upper zone again but be ready for a retest of the lows, so if the channel breaks down you can also profit by shorting with a risk reward of 2.
If the price bounce as expected, the risk...
Hello ladies and gentlemen, according to my graphical analysis of ITAU UNIBANCO BANCO HOLDING SA , I recommend for the moment to keep ITUB Stock in your portfolio because there is a great probability of reaching 6$.
The PEAD projected a Bearish outlook for $ITUB after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 71.43%.
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $ITUB exceeds today's high of $4.80 during tomorrow's session.
Black M Team:
ITUB , NYSE
After breaking the trend line, the pullback is complete.
Resistance range in oscillator indicators
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TP1=3.65
TP2=3.3
TP3=2.9
SL=4.6
Itaú Unibanco Holding S.A. offers a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking and Activities with the Market + Corporation. It offers various deposit products, as well as loans and investment banking services.
Revenue $17.1B
Net Income $3.7B
Cash $8B
Net...
Classic Inverse Head & Shoulders bullish idea.
Enter long at green, exit for loss at red or exit for gain orange lines.
DISCLAIMER:
I'M NOT A PROFESSIONAL TRADER AND THIS IS NOT A TRADING ADVICE.
-Consolidating after a healthy uptrend with alot of good volume on the daily chart
-Once this breaks out of this consolidating channel, I can see this hitting $7 and then $8
-Pre Covid it was trading around $9 and it is on its way back to fill those gaps
