Itaú Unibanco: technical bounce, positive confirmation
Itaú Unibanco gains 3.6% with a 7% bounce off its 20-day moving average
Itaú Unibanco: technical bounce, positive confirmation
Our view last week
Itau Unibanco enters a new buy signal: the first week closed higher, and the confirmation points to keeping the position unchanged. The weekly structure is bullish, with all four structural averages aligned, while on the daily chart the stock has just bounced off its own 20-day moving average. The technical picture stays solid, conviction sits in the middle of the range.
This week's summary
Itaú Unibanco shares closed the week up 3.6%, with a 7% bounce off their own 20-day moving average: the technical picture stays solid, though three weekly warnings have surfaced — contracting volumes, fading body conviction, distribution underway. The first week's confirmation came in positive, the trade is already up 4.9%, ranking 6th among the 8 open Rest of the World buys.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 4
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IQS Phase
67
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#6 / 8
Rest of the World stocks in progress
Trade P&L %
+4.88%
from signal to today
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