At this moment I see some technicals indicators tell us something up; first, the RSI got the trigger already, and otrher two almost done, MACD need more road, but the short term bearish channel maybe has been broken too.
$CIB had a nice base with good skyscraper accumulation volume bars. It broke out on March 1st and now pulling back gently. Added it to my watch list to see how it acts in the coming days.
A bit more orderly pullback should bring in buyers.
Bancolombia S.A. offers various banking products and services to individual and corporate customers in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through eight segments: Colombia Banking, Panama Banking, El Salvador Banking, El Salvador Banking, Guatemala Banking, Trust, Investment Banking, Brokerage and Off...
Bancolombia S.A. offers various banking products and services to individual and corporate clients in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica and Guatemala. The company operates through eight segments: Banca Colombia, Banca Panamá, Banca El Salvador, Banca Guatemala, Trust, Investment Banking, Brokerage and Off Shore.
To enter in context, GDP in the...
Bancolombia is oscilating in a low slope uptrend that matches the High Volume to price zone. At this moment I don´t see any oportunity in the short time
$CIB Broke below its sideway range and closed two days below the sma200 after printing a double top this year. Negative sales and eps growth rates. Let's see if the sma200 act as resistance. $44.02
