ENTEL

Chilean Stocks.
Pure Technical Projection.

ENTEL doesnt look well. It is in full downtrend, reaching historic lows ranges and the weekly chart paint an huge H&S through all the history of this stock, which i cant really say if it is valid or not. I guess this will be a crucial support test.
On the daily, one Butterfly is completed and retesting suport through an almost complete Bat... this two harmonics can be the chance to avoid the magnetism of new historics lows (4120, 3400, 2800, 2200, 1370, 300).

Trade ativo:

5300 to 6000, 6300 and 7000

Trade fechado: objetivo atingido:

TARGET 1 REACHED
Waiting for T2 and T3

Trade fechado: objetivo atingido:

T2 reached
Waiting for T3

Trade fechado: objetivo atingido:

T3 reached
Trade Done