Chart analysis - LATAM Airlines Group (LTM)

Chart analysis - LATAM Airlines Group (LTM)

Daily Candle Chart of LATAM Airline Group (LTM)

Hi, Im Play in stock. I have a hobby of trading stocks in Korea. Ill also chart overseas stocks for fun.

 

Please take a look around.

 

First of all, the section to be carefully watched in the LTM event is yesterdays upper-tailed candle. (mark as green in chart)

 

The reason why these upper-tailed cans occur is because they are resistant when they penetrate the long-term box and enter the upward direction. (The green circle part on the right side)

 

If you follow the green circle on the right side to the left, you will meet the price when the stock price is down.

 

At that time, investors returned to the price of investors, so investors who bought at that time were resistant and the stock price could not easily rise.

 

But the stock price will not fall, because the stock price has been buying all over the red box, and the energy has appeared as yesterdays cans.

 

Therefore, if the stock price does not rise, it is sideways, or if it falls below, it is a place to take a buying position.

 

Lets open the Candle charts wide. The most important thing when analyzing the stock charts is to open the Candle charts wide.

 

Most people try to look closely when they zoom in on the Candle chart, but thats not right.

 

Because you have to open the candle charts wide and see at a glance where the current stock price range is located.

 

As this LTM stock is spread out in the same way, it can be seen that the current stock price is a starting point that goes through the box and enters the upward trend.

 

Let me zoom in to look more closely.

 

Look at the upper-tail cans on the right and the volume below. This volume is very important. These cans are very likely to rise if the cans that are generated to penetrate the resistance zone and the cans that draw such a tail at the bottom frequently occur.

 

The current point of view is the point of selling the position of buying, and the trading volume is more than twice the trading volume of yesterday. Since the current point is too low, it is not a place to expect a sell-off. For sale, certain cans must occur, but they are still low, so cans that draw the upper corner will often occur.

 

If this top-tail frequently appears,(Upper right red sqaure box) the stock price will increase without trading volume, and if the volume increases and the price rises significantly, we have to think about selling from that point on.

 

Buy that candle and dont lose money if youre losing money. Stocks will rise beyond that cane.

 

Perhaps the high point can be up to 3500 at the price level, so it is recommended to sell it in installments every time you go up after buying in the vicinity of the present.

 

If you are interested in Korean stocks, I will analyze the charts with other Korean stocks and let you know. The charts are simple. There are some patterns that are used in some patterns, so you can memorize them and apply them.

 

This article can be awkward in terms of translator-dependent writing. If you have any strange or curious questions, please comment. Thank you.

 

Click to see another chart pattern 

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