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alepensel
Oct 10, 2016 4:24 PM

Short Idea for PBR Short

Petroleo Brasileiro S.A.- PetrobrasNYSE

Description

  • On daily chart, it's 3rd day outside from the upper Bollinger Band. It means a calling for a interesting correction.
  • On hourly chart, an overbought is present on RSI & Stochastic. MACD & Histogram shows a little weakness.
  • On hourly chart, its target in 10.75 from a triangle breakout has been reached.
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