United Breweries Ltd. - Symmetrical Triangle Formation!

١٧ يونيو ٢٠٢٠

United Breweries Ltd.

The stock is trending in a symmetrical triangle pattern.

RSI is showing weakness.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***

If the prices give a breakout and trend above 1026, we might see a swift upward move to 1056 and 1085.

On the downside, if the stock breakdown below 965, the next supports are 949 & 925.

KEEP AN EYE!!
#tradingedge_academy #SMTA_institute

***this is my personal view. Please take advice from your financial advisor before investing.