AnthonyLouis

Shorting JBSS3 to Weekly sup levels

Short
AnthonyLouis Updated   
BMFBOVESPA:JBSS3   JBS ON NM
JBSS3 after long bull leg, strugles to keep going up and set up ready a down bear pivot on daily chart.

Fib levels are the targets, possible to just lay down in the first one.

Stops should be trailed by daily highs after closing the break down the pivot

The moving averages are practically facing downwards, and authorize the short side in swing trading

risk reward ratio isnt the ideal, but the OBV shows a massive sell volume and advanced breakdown there

paper is loosing ATH
Order cancelled:
the trade didnt reach my short trigger, it seams that was a fake breakout, so, im cancelling this, and looking foward if the paper come back again to new lows