Bradesco: buyers take back control
Banco Bradesco gains 3.7% as money flow turns to buying after weeks of selling
Bradesco: buyers take back control
Our view last week
Banco Bradesco is in the ninth week of a sell signal, and the week just closed gained 1.5%: the price has moved back toward the Inversion Point. Signal strength drops to 2 out of 100, while the setup quality indicator at 74 out of 100 stays in tension. It ranks 7th among the 22 Rest of World sell signals, with trading not recommended for anyone considering a fresh entry.
This week's summary
After last week's 1.5% gain, Banco Bradesco closes this week with a third straight advance, +3.7%, as money flow turns back to buying after weeks of selling and buyers dominate 93% of the trading volume. In this week's technical read the price is now pressing against its 7-day high, the 16.54 area, right up against the Inversion Point: the Sell signal, under management for ten weeks, has slipped into a modest loss.
Ongoing decline
·10th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Jul 29
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IQS Phase
45
ordinary
Signal Strength
2
decline nearly over
Sizing
MINIMUM
Ranking
#14 / 21
Rest of the World stocks
Trade P&L %
-1.92%
from signal to today
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