Recent Price action seems to have halted the downtrend. With SL of 4% below current Candle low will go long for 2X as first partial profit target of SL.
Stocks has been in downtrend and slowly being accumulated. Operators (Stronger hands) are trying to trigger panic and take out retailers. Stocks should be bought with SL of close below 72 for long term to Mid term holding.
ITUB is trading in major support zone 3.5-4,2 this is wide band and Stocks is being accumulated IMHO. Stock may soon break out of the zone and move above to make a new swing High.
