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...
Chilean Stocks.
Pure Technical Projection.
Big Shark completed.
It already tested the 0.382 retrace of the CD leg and in it broke the upper resistance of the descending triangle.
Critical point to see if this resistance now act as support and bounce or if it simply break to the downside to retest the 960 support as a little shark suggest to.
Divergence of price...
Chilean Stocks.
Pure Technical Projection.
Big Butterfly during 2018.
Currently on PRZ.
Projection according to historic behaviour.
In the Period 2017 - 2018, price was able to breakout the channel where was stuck during 2010 - 2017.
After reach the 61,8% height of the channel and form a butterfly, it has come back into it and seems it will have a fight to...
Chilean Stocks.
Pure Technical Projection.
Bearish harmonics, but with a very bullish presence, so could be the begining of a new uptrend.
Price could go to 547 clp to form a Bat and a Crab in different time frames.
Wait for correction and than go entry, just keep an eye on how price and cloud are going to interact.
Chilean Stocks.
Pure Technical Projection.
Seems there's an iH&S in formation inside a symmetrical triangle.
It need to touch the dip of the right shoulder and from there start a new uptrend post 2018 correction.
For the end of this year this stock could gain from 9% to 20% in price value.
Enter next week.
Chilean Stocks.
Pure Technical Projection.
Price seems to be in the last part of a big C&H.
It could bounce on 4.5 to 5.2 before seek support around 3.8.
From there Entry Long safely.
With higher risk, hold (no SL) a Long Entry on 4.5 looking for 5.2, 5.9, 6.1 and 7 as targets.
Need to consider that price is already in the cloud and a bullish TK cross has happend.
Chilean Stocks.
Pure Technical Projection.
Price has been forming a symmetrical triangle since 7 years already. Now it will test the lower support again and will be crucial for next steps.
Support, Volume, Butterfly & Cloud:
-PRZ: Volume has risen significantly, so if price can hold at the lower band of the triangle, profits around 9 - 13% can be seen for the...
Chilean Stocks.
Pure Technical Projection.
ENTEL doesnt look well. It is in full downtrend, reaching historic lows ranges and the weekly chart paint an huge H&S through all the history of this stock, which i cant really say if it is valid or not. I guess this will be a crucial support test.
On the daily, one Butterfly is completed and retesting suport through an...
