A giant triangle being formed since 2009 at PBR monthly chart. Waiting for a possible upside breakout at the end of the pattern.
2014 is going to be fun.
Comments
otaviocarvalho
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I'm not sure. I'm with Ibovespa's PETR3 graphics here and I think we are still inside a pull back. We also had Brazilian elections this year, and IBOV chart is inside a Fibonacci divergence zone. I think you should be careful, but anything (close price) above $16.00 is a long term buy to me. Again, be careful.
pub.bussoladoinvestidor.com.br/graficos/492014111834AM.png