SolMar

Banco de Crédito e Inversiones

BCS:BCI   BCO CREDITO INVERS
Chilean Stocks.
Pure Technical Projection.

After last Rally, price is in the respective correction seen as a soft dowtrend-sideways market => Bull Flag .
Hard to tell how long will the flag last, but probably it will take some time.
After this phase get completed, volatility will be present and an expanden sideway market will be the first step before the new bull run.
Banks are never bearish nor under bears-control, they just harvest some of the yield and than let the grass grow to eat later.
Wait for retest support (lower flag band) to get an entry before breakout.
Trade active: 45k to 50k

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