XP Bullish flag chart pattern setting up for a breakout

30 thg 8, 2020

XP had a huge earnings reaction breakout only to reverse hard back down to defined support. I started buying up off support at the 44 level. XP made a nice move back up to resistance and now is sitting just under defined resistance. Sideways action to consolidate a few days would be a beautiful thing to give us a tight risk entry to add to our position on a breakout through 50-51 level.