Conviction: 3/5
Still in downward channel / flag. better to wait for better entry - either on breakout of retest of support.
Thesis
recently retested & bounced off long-term channel support (1996/2000)
Risk
market risk = risk for everyone
daily RSI-D moving down from recent overbought status
Credicorp Ltd., a financial services holding company, offers various financial, insurance and health services and products mainly in Peru and in different parts of the world. It offers Universal Banking, Insurance, Pensions, Microfinance, Investment Banking and Wealth Management.
-Revenue TTM 10.4B
-Net Income TTM 2.18B
-Cash TTM 19.9B
-Net Margin TTM 20.3%
-P/B...
Credicorp Ltd., a financial services holding company, offers various financial, insurance and health care products and services primarily in Peru and internationally. The company's Universal Banking segment offers deposits and checking accounts, and various loans and financial instruments to individuals and corporations.
Interest Income $11.5B
Net Income...
Credicorp Ltd. is a financial services holding company that provides financial products and services primarily in Peru and internationally. It operates through four segments: Universal Banking, insurance and pensions, microfinance with small and micro-enterprises, and Investment Banking and Wealth Management.
We are aiming for the company to present good...
Is $BAP making a H&S's top, rounding top, bear flag? We just made a lower low and we are currently grinding up slowly. If we break the $200 support area we could see falling prices.
It is looking weak but that doesn't mean institutions aren't going to support the price. Not a clear entry with mixed signals on multiple timeframes and indicators.
With a proper...
BAP need to retest itself to break resistance before it can gain strong momentum.
About to end cycle 2 as it would bounce back from rising trend line as it has proven itself on two previous attempt.
Entry point is at above 163.43, take profit at 170.26 about 4% on this cycle only when the next few candle stick bounce off from trend line.
This price move up on BAP on February 17, 2016 during the 11:00AM- 12:00PM EST trading hour is completely ridiculous and unjustified. Technically, this stock hasn't added up for many sessions, and has all the markings of a HUGE haircut being set up for dumb market participants. (Called a PUMP AND DUMP back in the day...)
I have taken a short position for truthful...
If the investors have more attention of emerging market and expectation that the principal market to impulse the economy are the finance. Credicorp is an better option to enter of this market to long term.
