AidanMDang

$PBR | Bullish Falling Wedge Breakout

Long
NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
$PBR broke out of a bulling falling wedge. Right now price is trading below the key breakout zone at ~$10.90

If price can break above this resistance level expect further continuation to the upside.

Targets based on structure: $11.20 | $11.70

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.