It touched its 1.618 Fibonacci level yesterday
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...
But prices on trend line, prev resistance, and breakout
Fibo levels: 124.05 and 172.70
BAP - PERU . IGBVL
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.
Cup and Handle Breakout Targets $165