Fresh buy on Banco Bradesco, a cautious entry
Banco Bradesco slips 3.2% as a cautious new Buy signal fires
Fresh buy on Banco Bradesco, a cautious entry
Our view last week
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.
This week's summary
Banco Bradesco shares close the week down 3.2%, with sellers back in control and a distribution phase underway. Yet that same weakness is what triggers the new Buy signal: the daily chart has just carved out a clean double bottom in the 15 area, with a 6% intermediate rebound. In this week's Banco Bradesco technical analysis the stock ranks third among the five fresh Rest of the World Longs — but the entry stays cautious, first week, confirmation still to come.
Fresh BUY
·1st week from start
·Rest of the World stocks
·T1
·📅 Earnings · Jul 29
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IQS Phase
46
ordinary
Signal Strength
54
medium
Sizing
STANDARD
Ranking
#3 / 5
New rest of the world stocks
Trade P&L %
+0.00%
from signal to today
restricted Platinum content