BBD - Banco Bradesco: Long Term Bullish Due To Growth Of Digital Channels

We wrote about Banco Bradesco (BBD) last November where we assessed if lower lows were on the horizon for the stock. In fact, since then, shares have dropped by more than 40% where the decline has obviously been compounded by the coronavirus pandemic. In that article, we discussed the possibility of an inverse head and shoulders pattern playing itself out, which we can see below on the chart. In fact, we had earmarked the September 2018 lows as the most likely target for the bottom of the pattern, but the coronavirus-induced lockdowns meant that the

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