{"id":741,"date":"2007-07-12T13:56:46","date_gmt":"2007-07-12T18:56:46","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/stock-trade-of-the-day\/trade-of-the-day-banco-itau-itu-flat-base-break-out\/"},"modified":"2007-07-12T13:56:46","modified_gmt":"2007-07-12T18:56:46","slug":"trade-of-the-day-banco-itau-itu-flat-base-break-out","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/stock-trade-of-the-day\/trade-of-the-day-banco-itau-itu-flat-base-break-out\/","title":{"rendered":"Trade of the Day &#8211; Banco Itau (ITU), Flat Base Break Out"},"content":{"rendered":"<p>Another day, another flat base breakout!&nbsp; You&#8217;ll see me feature these kinds of breakouts here quite a bit because in my opinion they are one of the best formations around &#8211; clearly defined support and resistance levels with a high success rate.&nbsp; I featured flat base breakouts in MPWR and ENR in the past 2 days and today I highlight a breakout in Banco Itau (ITU).&nbsp; Foreign banks have been moving of late and ITU is no exception.&nbsp; Today, it breaks of a well formed flat base to a new all time high.&nbsp; I do no own this stock currently but may consider a position on a bit of a pull back.&nbsp; While at the top of a buyable range, I prefer to get into position very close to the breakout point.&nbsp; Why not wait for perfect entries when there are so many great trade candidates?<\/p>\n<p>\n<img decoding=\"async\" src=\"http:\/\/selfinvestors.com\/tradingstocks\/uploads\/Image\/7122007_itu.gif\" alt=\"Banco Itau ITU flat base break out\" \/><\/p>\n<p \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another day, another flat base breakout!&nbsp; You&#8217;ll see me feature these kinds of breakouts here quite a bit because in my opinion they are one of the best formations around &#8211; clearly defined support and resistance levels with a high success rate.&nbsp; I featured flat base breakouts in MPWR and ENR in the past 2 &hellip; <a href=\"https:\/\/selfinvestors.com\/tradingstocks\/stock-trade-of-the-day\/trade-of-the-day-banco-itau-itu-flat-base-break-out\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Trade of the Day &#8211; Banco Itau (ITU), Flat Base Break Out<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-741","post","type-post","status-publish","format-standard","hentry","category-stock-trade-of-the-day"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=741"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}