PIMCO Enhanced Short Maturity Active Exchange-Traded FundArca
Descripción
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PIMCO Enhanced Short Maturity ETF is forming a perfect ascending channel since April with 8 reversals in the lower level and 6 on the upper level. It reached the lower level on last Friday and looks like is reverting upside. Stochastic RSI is also in oversold levels, so we think there is an opportunity to buy the security and hold till it reaches the upper level. If the price breaks the channel down, a stop is recommended.