Itausa confirms the signal with an 8% rebound
Itausa gains 4.2% as the EMA20 rebound confirms the buy signal
Itausa confirms the signal with an 8% rebound
Our view last week
Fresh buy signal on Itausa, 3rd position among the 3 fresh Longs in the rest-of-world stocks category. The weekly structure is bullish with all moving averages aligned, the setup quality indicator sits at 57 out of 100 and signal strength at 50 out of 100: a balanced picture, not an acceleration. On the daily chart the stock is building a sequence of higher lows, with entry set for the start of the second week.
This week's summary
Itausa shares bounce 8% off their own 20-day moving average, the 13 area, with 95% of volume on the buy side: a clean technical move. The week closes +4.2%, and the first confirmation week is positive: our model suggests strengthening the position. Two flags remain in the weekly price action, though: body conviction is fading and distribution is picking up, worth watching as Itausa holds 4th place among the 8 open buys in the rest-of-world stocks category.
IQS Phase
64
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#4 / 8
Rest of the World stocks in progress
Trade P&L %
+4.19%
from signal to today
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