SONDA S.A.
Updated
Chilean Stocks.
Pure Technical Projection.
In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete.
Anyway, as usual, there're opportunities to trade.
In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to 1060-1070 and 1160 in a finall rally for the end of year [iH&S].
On the other hand, if the range 1005-1025 act as strong resistance, price could fall and will be possible to see a retest of the 915 support [bearish Bat].
Pure Technical Projection.
In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete.
Anyway, as usual, there're opportunities to trade.
In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to 1060-1070 and 1160 in a finall rally for the end of year [iH&S].
On the other hand, if the range 1005-1025 act as strong resistance, price could fall and will be possible to see a retest of the 915 support [bearish Bat].
Trade closed: target reached
T1 and T2 reached.T3 on the way.
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