There's a similar situation unfolding in another South American banking stock, Banco de Chile (BCH - Get Report). To be fair, geographic location is pretty much the only thing these two stocks have in common. From a size and performance perspective, Banco de Chile sits head and shoulders above Banco Macro. But ultimately, we're more interested in what's going on with this company's price chart.Shares of Banco de Chile have been trading inside an uptrending channel for the last few months, bouncing back and forth between well defined resistance and support levels. But shares staged a breakout on Tuesday, potentially catalyzing a much bigger move in this stock.
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