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Comprehensive non-correlated United Breweries Company $CCU Trading Report

October 21, 2020, 00:30 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technical Summary

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	10.30
P2	12.20	12.00	12.22
P3	0	12.27	13.90

⚠Triggers may have already come

Support and Resistance Plot Chart for CCU

Long Term Trading Plans for CCU

October 21, 2020, 12:30 am ET

The Technical Summary and Trading Plans for CCU help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CCU Report.

CCU - (Long) Support Plan

The technical summary data tells us to buy CCU near 10.30 with an upside target of 12.22. This data also tells us to set a stop loss @ 10.27 to protect against excessive loss in case the stock begins to move against the trade. 10.30 is the first level of support below 12.15 , and by rule, any test of support is a buy signal. In this case, support 10.30 would be being tested, so a buy signal would exist.

CCU - (Short) Resistance Plan

The technical summary data is suggesting a short of CCU as it gets near 12.22 with a downside target of 10.30. We should have a stop loss in place at 12.26 though. 12.22 is the first level of resistance above 12.15, and by rule, any test of resistance is a short signal. In this case, if resistance 12.22 is being tested, so a short signal would exist.