MASISA S.A.
Updated
Chilean Stocks.
Pure Technical Projection.
Huge C&H since Jan 2013.
Handle in process. Could bounce now or go down to test the 32 support (38.2% retrace).
Due the volatility seen in May and the sideway market that has been supporting price at 50% "cup" retrace, the probability of watch a bounce now is higher than a dump.
+++MACD and RSI have been converging against price the last four months.
Wait to break the purp channel and partition the entry to reduce risks.
Pure Technical Projection.
Huge C&H since Jan 2013.
Handle in process. Could bounce now or go down to test the 32 support (38.2% retrace).
Due the volatility seen in May and the sideway market that has been supporting price at 50% "cup" retrace, the probability of watch a bounce now is higher than a dump.
+++MACD and RSI have been converging against price the last four months.
Wait to break the purp channel and partition the entry to reduce risks.
Note
This is a BUYTrade closed: target reached
T1 reachedWaiting for T2
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