We are long here from 9.66ish, sadly I couldn't publish before cause I was on the go, but well. My clients and me already bought. Now it's back over the monthly mode, and a key earnings support level, so if holding over this zone,it should be safe to accumulate positions in this stock, now that buyers capitulated with news of the CEO resigning. Debt restructuring had gone very well so far, and I expect it to continue to be that way. Let's see what happens with demands from truck drivers who are in strike...Fuel prices could affect the company's returns if the government intervenes. I think it won't happen, and investor's fears of bankruptcy risk will be proven to have been overblown.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Trade closed manually:
More bad news hitting #PBR, we will have to exit and watch it to buy back lower in a few days
Trade active:
I bought back, intraday chart looks like a bottom and oil is picking up.
Comment:
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Trade closed manually:
It didn't hold over the monthly support, now the $USDBRL is weakening again, many risks in the horizon for South America and Brazil in particular. Better to watch from aside and flee these parts of the world, investment wise.
Trade active:
Well I actually bought back at 9.35 avg.
Trade closed manually:
I don't like the fall in oil here, I'm out for now.
Good profit, from the low 9.30s till now.
Good profit, from the low 9.30s till now.
Trade closed manually:
Safer to start looking for the exit.
Comment:
Top is now in...last: 15.07
