EC Should I Buy

Not a good buy right now for a beginner long-term investor with $50k–$100k who doesn’t want to wait for a better entry. While the chart trend is still bullish, the large, near-term Colombia VAT tax dispute (COP 5.3T) creates a material headline/earnings risk that can overwhelm the technical setup. I would wait (HOLD / do not initiate a new position today) until there is clearer resolution or quantified financial impact.

Price/Trend: Despite a -2.45% regular-session drop (post-market ~12.74), the trend remains constructive with bullish moving averages (SMA_5 > SMA_20 > SMA_200), indicating an uptrend across short/medium/long horizons. Momentum: MACD histogram is positive (0.114) but contracting, suggesting upside momentum is still present but weakening. RSI(6) ~65 is neutral-to-slightly-warm and not oversold, so there is no strong “dip-buy” technical washout signal. Levels: Pivot 12.305 is the key near-term line; holding above it supports the bullish structure. Resistance sits at R1 13.083 then R2 13.564; support levels are S1 11.526 and S2 11.045. Pattern-based bias: Similar-pattern stats show only modest upside next day/week and slightly negative next month (-0.6%), which is not compelling for an impatient long-term entry. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.