tradewithhedge

Petrobras ($PBR) above trend-line but can we see follow through?

NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
100 3 3
Hi Traders,

I am watching this market very carefully as $USOIL just entered in a bearish market. Knowing that, $PBR will find very very hard to continue moving higher with oil             prices crushing lower. Also divergence is very clear here (price action made a new high but RSI did not).
What I would love to see soon: I will wait to see how we close this week, if we close bellow 8.00, this will a great confirmation AND we will have a hanging-man candlestick pattern in the chart too (one of my favourite candlesticks ).
So lets be patient and wait to see the weekly close and like I said, if it closes bellow 8.00, I will short with SL above the high with initial target at 5.00.

Thank you
Talk about hanging man, you've surely left us hanging ;-(
Reply
Hello. What do you think now?
Reply
So are you seeing under $6 3-9 months down the road?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out