Chilean Stocks.
Pure Technical Projection.
H&S in formation, which until now shows itself as a Bat in his last leg and its reversal will paint the right shoulder.
This stock have been in a strong uptrend the lasts years, so now could be time for correct itself. But this will be in Bulls hands at the moment of reaching the top of the right shoulder because if price can breakthrough that level (which is the current price level) the uptrend is not over.
For entry long, wait to touch the neckline = Bat D point (260-270), than hold until the top of the last shoulder (295-300: 9%).
After that, better to stay out and keep watching.
Pure Technical Projection.
H&S in formation, which until now shows itself as a Bat in his last leg and its reversal will paint the right shoulder.
This stock have been in a strong uptrend the lasts years, so now could be time for correct itself. But this will be in Bulls hands at the moment of reaching the top of the right shoulder because if price can breakthrough that level (which is the current price level) the uptrend is not over.
For entry long, wait to touch the neckline = Bat D point (260-270), than hold until the top of the last shoulder (295-300: 9%).
After that, better to stay out and keep watching.
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