Chilean Stocks.
Pure Technical Projection.
2016: Historicals Lows.
2017: Strong uptrend Rally.
2018: Correction. Holding at the 0.618 retracement of 2017 rally, this could be the chance to start a new uptrend.
Important: Price has broken the 2018 downtrend resistance, it just need to hold above the cloud and/or not get inside the channel again, otherwise it will go to the same lows of 2016.
EMAs 144 and 233 are calling the price to rise.
Pure Technical Projection.
2016: Historicals Lows.
2017: Strong uptrend Rally.
2018: Correction. Holding at the 0.618 retracement of 2017 rally, this could be the chance to start a new uptrend.
Important: Price has broken the 2018 downtrend resistance, it just need to hold above the cloud and/or not get inside the channel again, otherwise it will go to the same lows of 2016.
EMAs 144 and 233 are calling the price to rise.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.