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LeLaf
Jun 27, 2021 11:19 PM

PBR: Ascending Triangle (66%) Long

Petroleo Brasileiro S.A.- PetrobrasNYSE

Description

Price Target = 19.98$
Comments
jakemart22
Drop today? Where next?
LeLaf
@jakemart22, waiting for confirmation.
jakemart22
Back up next week? With rally?
LeLaf
@jakemart22, The price action moves between the resistance at 12$ (top line of the triangle) and the support line (bottom line of the triangle). Chances are the price will lower until it hits the support line before trending back up again. Until we break the 12$ resistance, the price action will oscillate between resistance and support lines.
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