Simple idea. There is this big flag, and price is reaching the base of this sideways channel. Two entries are showed on the chart, in case of being stopped on entry 1. Im bullish on bovespa, so i think this is a great opportunity and ITUB4 is one my favourite stocks to watch and trade.
Thanks
Go long the ITUB if it trades at 8 or higher. If triggered, place your stop at 7.51 and exit the position for a profit at 8.38 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com
That would be a week-wise trade. Fun fact: ITB4 (Or ITUB, Itaú Unibanco) is the most suggested stock by analysts in Brasil to buy and hold. Mainly because we are approaching a bottom, or you could say, a famous support. That's the last chance to short before it reverses -considering- it will reverse once it hits this bottom. R/R is medium, because we are in a...
