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Ice_
Jan 11, 2015 4:13 AM

Short-term selling against Itaú Short

Itau Unibanco Banco Holding SANYSE

Description

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 volatile zone, so I don't want to leave it too tight.

Good luck, safe trading.
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