Up channel is evident and still intact
I have sketched a few chart patterns with the first smaller one being a symmetrical triangle leading to bullish breakout
The second being a larger overall rising wedge that encompasses the entire price structure history.
I see a short term bull continuation and then a possible bear takeover. I have shown this short bull move...
Banco de Chile, together with its subsidiaries, offers banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Subsidiaries. The company also offers leasing, factoring, and foreign trade services.
Revenue TTM 2.1B
Net Income TTM 734M
Net Margin TTM 34.3%
P/E 13.29
Dividend yield 3.43%
Después de 4 meses de caída, BCH presenta una divergencia de fin de movimiento bajista justo en la TL blanca y el 61,8% del ultimo impulso. En caso de no quebrar la linea de tendencia, se toma posición long buscando los targets de Fibonacci con stop en nuevo mínimo.
Price is moving down fast last days.
Month candle closing downside the weekly test zone (on friday) may take the price to the 82/81 zone quickly. In that case, open a short position may be indicated to reach that zone thinking in a correction movement of a bigger wave.
Close now, stay out and see is the another option. The trade continues and the strategy is...
Chilean Stocks.
Pure Technical Projection.
2017 uptrend with a violent move before
2018 of sideways, that had formed an ascending triangle, almost an iH&S and something like a C&H... So we'll see if
2019 start in uptrend.
Entry at 100 CLP
Targets at 6%, 9%, 12% and 20%.
SL at 3% - 5%
If SL get activated, wait for Rebuy zone.
Timing is a mistery for now.
Red arrows technical analysis gap resistance
Financial stocks are going through a better time than 10 years ago.
I am fulfilling the purpose of publish a variety of ideas and different stock symbols at different prices according to the tastes, assets, capital, styles of traders (swing or position) even for Options traders with a Price Action oriented style.
I...
There is a very strong base of support. Resistance is at $1150. A strong base of support has been established. This is a short term play with a huge potential for return and a limited downside. Put in stop orders at $1100 and let it run.
When the Bitcoin rally starts to falter, money will shift to Bitcoin Cash, then you can sell on this bump. So do not sell if...
