Ecopetrol - Long Scenario

2016年8月4日

This is a Colombian stock that is highly related with the behavior of crude oil prices

2016年8月12日

註釋

2016年8月17日

註釋

And the price keep pushing higher, it seems that the buyers are going to test the upper limit of the downtrend channel, lets see how the situation evolves

2016年8月18日

註釋

2016年9月6日

註釋

After a small retracement around the mean of the Downtrend Channel, it seems that the buyers want to test the UL and see if there are followthrough or not.

Remember that this stock is higly related with the crude oil behavior