#PBR at the lower end of upward channel

Long

PETROLEO BRASILEIRO SA PETROBR (NYSE:PBR)

NYSE:PBR PETROLEO BRASILEIRO SA PETROBR

Trend Analysis Chart Patterns Technical Indicators upward_channel 50ma

trendanalysis chartpattern indicator upward_channel 50ma

PBR

#PBR is now at the lower end of the channel
Following history of the chart is now set for upside
Managed to close above 50MA
MACD approving level above 0 (bullish)
RSI is gradually increasing
Risk/reward 2.63

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