PBR seems coming out from a prolonged bear trend. Interesting action today 06June2014 with a gap and move upward. I'm entering long above today high targeting the next resistance (15.88) but this could be a major bottom for PBR. Monitoring oil prices and oil companies in parallel.
Comments
LEONES
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I''ll add more longs above 16.00
LEONES
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PBR hit the target objective 15.88.
LEONES
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PBR almost reach the target but will probably move higher considering the recent crude oil price development