Price Performance and Trends: The asset has experienced various ups and downs over the years, with an all-time high considerably above the current price. The recent trend seems to indicate a price resistance level that the stock struggles to break above. It's crucial to look at whether the stock has had strong reversals from this resistance level historically and...
#TASA4 is one of most bullish stocks from Brazil, but temporarily (?) looses its trendline
Two possibilities:
- Bear trap: up explosion
- Sell pullback: reversion pattern
In this recent uptrend, we only had the EMA9 crossed down one time, and I don't think this will be the case now. What I see is bull flag and a healthy correction. Ready for another run.
