XP Inc. - The start of a bullish trend?

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XP Inc. is a Brazilian company, and the largest brokerage firm in Latin America. Today, it did a Harami/Hammer candlestick pattern at the 21 ema, with a good volume. We also see a chart pattern called Eve & Adam Double Bottom, a bullish one, that could take the prices back to U$ 40.

At the hourly chart, you may say it is just a pullback of a bearish trend, and the 21 ema could be a resistance, and I agree with you, so we should be careful here.

Let’s see the 1H chart:

But remember, the price respected the downward trendline as a support (pink line) and the previous bottom, also as a support (red line), there’re reasons to be optimistic. The stop loss of this operation is under U$ 21.50.

Tomorrow we will have our confirmation.

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עסקה פעילה:

This trade is still active, and is giving us about 15% profits already. Let's keep our eyes open.
Stay safe!

עסקה סגורה: היעד הושג:

Ok, today is a good day to book our profits. If you still want to keep your position that's ok, but I'm out now!

That's it guys, 28% profits!

I wish you well.