brazilian bank holding up well
atm as all brazilian stocks (EWZ).
but the US market is giving
important bearish signal.
ITUB just hit resistence at the 200 dma
and stochastics bearish crossover.
waiting for the stock to move down
ITUB short: sell stop 22.12, stop loss 22.39
target: +0.47$ profit
Charts on http://www.winningstocktrader.com
May Portfolio results +28%
ITUB short: good canditate if brazil follow the US markets down