The EC (Ecopetrol S.A.) trade setup has triggered a long entry on a breakout above both the top of the bullish falling wedge pattern as well as horizontal resistance. As such EC is now both an Active Swing Trade & well as an Active Growth & Income Trade.
Price targets & suggested stop remain as posted in Wednesday’s trade setup for EC. As always, all previous charts & notes on a trade can be quickly reference via the symbol tagging system. For example, at the bottom of this post, click on the symbol “EC” that appears next to “Tagged with:” in order to view the previous notes, such as the entry criteria & suggested stop level. Price targets appear on the chart as T1 & T2.