US05968L1026 - ADR
28.12 +0.29 (+1.04%)
After market: 28.12 0 (0%)
Taking everything into account, CIB scores 7 out of 10 in our technical rating. CIB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
CIB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.09, a Stop Loss order could be placed below this zone.
5 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
|An entry @28.33. This is a Buy Stop order right above the resistance zone.||An exit @27.69. This is a Stop Loss order right below the support zone.||The trade has a worst case loss of 0.64 points, which is 2.26%.||When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%.|
BANCOLOMBIA S.A.-SPONS ADR
NYSE:CIB (12/8/2023, 7:04:00 PM)After market: 28.12 0 (0%)