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ENTELChilean Stocks. Pure Technical Projection. ENTEL doesnt look well. It is in full downtrend, reaching historic lows ranges and the weekly chart paint an huge H&S through all the history of this stock, which i cant really say if it is valid or not. I guess this will be a crucial support test. On the daily, one Butterfly is completed and retesting suport through an almost complete Bat... this two harmonics can be the chance to avoid the magnetism of new historics lows (4120, 3400 , 2800 , 2200, 1370 , 300).
BCS:ENTEL
by SolMar
SONDA S.A.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 . 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 .
BCS:SONDA
by SolMar