I see a trend and a correction in this chart that correction has been finished at 50-61.8 fib.
I suppose it could be a good buying position after passing of 72.5 and heading toward 100 in mid time.
Do not forget setting a sure SL for your position after a good breakout.
BPOP has reached a strong horizontal support that in prior led to strong bull moves (Very similar situations)
I expect a bull move to repeat following the green rectangle area
Bulls are in control
Lets see how it plays out on this Weekly timeframe
Hello traders, POPULAR is in a bullish movement with low buy volume issued and a trace made by buyers. The TIMEFRAME M1 shows a bullish continuation with high selling volume in the middle of the session. And on the last candle a low volume of purchase executed it is likely to break a stabilization zone. Strong likelihood of closing the bearish breakout gap to go...
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.
A...
Do not think that banks stocks are boring, better look this strong price, resistance breakout, plus a gap
This is the price action:
There are several weekly candlesticks consolidating above the resistance line and even the past week inside of this candlesticks there are big intraday gap that is filling and now is a pullback in progress with the intention of...
BPOP is in a strong uptrend after the breakout from a long term correction. I'm expecting more upside. Possible target on chart. Every pullback could be a buy setup.
Some great technicals on this chart. Note the flag-ish pattern with a consolidation of volatility today. Unfortunately the technicals say its a touch overbought, so we may have to wait for a slight retracement to get a good price. Note the vacuum area in the $32.50 area which would make $33 a good profit target. The linked article seems to favor them in the...
In trading, you need to have a solid plan before you trigger the trade both exiting and entering. As you the start of the the rounded top volume kicked in and increased during the the pattern, and at the end or at the bottom volume decreased. This gradual shift from uptrend to downtrend may give you a good entry provided the price breaks downward from the low of...
