SBS - Strong Buy Setup with Connors RSI2 Confirmation
SBS - Companhia de Saneamento Básico do Estado de São Paulo
📈 Strong Buy Signal | Triple Confirmation: Fundamental + Technical + Connors RSI2
🎯 Trade Idea Overview
Direction: LONG
Entry Zone: $23.50 - $23.80
Stop Loss: $21.98
Take Profit: $27.24
Strategy: Swing Trade (1–3 weeks)
Confidence Level: High (95%)
📊 Why SBS?
✅ Fundamental Strength (Score: 9/9)
Revenue Growth: Strong 📈
Net Income Growth: Strong 💹
Valuation: Undervalued across P/E, P/B, and P/S ratios
Debt Health: Excellent (Score: 8/10)
Overall Fundamental Score: 9/9 🏆
✅ Technical Alignment
Daily Trend: ✅ Alcista
4H Trend: 🔁 Bajista (Corrective) → Ideal for entry
1H Trend: ✅ Alcista
RSI: Neutral (53.75) – Room to run
MACD: On the verge of bullish crossover
✅ Connors RSI2 Confirmation
Señal de Compra: Active on Oct 9–10
Strategy: RSI2 oversold bounce + momentum follow-through
Timing: Ideal entry within the 5-day signal window
📍 Entry & Risk Management
Recommended Entry: $23.72 (market or limit)
Stop Loss: $21.98 (7.3% risk)
Take Profit: $27.24 (14.8% reward)
R/R Ratio: 1:2.03 ✅
🧠 Trade Rationale
SBS combines strong fundamentals with a technical pullback and a confirmed Connors RSI2 buy signal.
The 4H downtrend offers a clean entry before resumption of the daily uptrend.
Minimal debt risk and strong growth profile support a medium-term hold.
📆 Watch List
Monitor for a close above $24.20 for confirmation of bullish momentum.
Watch for any fundamental news from earnings or sector updates.
✅ Summary
Asset: SBS
Action: BUY
Entry: $23.72
SL: $21.98
TP: $27.24
Signal Type: Multi-timeframe + Connors RSI2 Confirmed
‼️ Disclaimer
This post is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Trading stocks and other financial instruments carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, experience, and risk appetite before acting on any information contained in this analysis. The author is not a registered financial advisor and assumes no liability for any financial losses or gains resulting from this information. Past performance is not indicative of future results. Always conduct your own due diligence.
📈 Strong Buy Signal | Triple Confirmation: Fundamental + Technical + Connors RSI2
🎯 Trade Idea Overview
Direction: LONG
Entry Zone: $23.50 - $23.80
Stop Loss: $21.98
Take Profit: $27.24
Strategy: Swing Trade (1–3 weeks)
Confidence Level: High (95%)
📊 Why SBS?
✅ Fundamental Strength (Score: 9/9)
Revenue Growth: Strong 📈
Net Income Growth: Strong 💹
Valuation: Undervalued across P/E, P/B, and P/S ratios
Debt Health: Excellent (Score: 8/10)
Overall Fundamental Score: 9/9 🏆
✅ Technical Alignment
Daily Trend: ✅ Alcista
4H Trend: 🔁 Bajista (Corrective) → Ideal for entry
1H Trend: ✅ Alcista
RSI: Neutral (53.75) – Room to run
MACD: On the verge of bullish crossover
✅ Connors RSI2 Confirmation
Señal de Compra: Active on Oct 9–10
Strategy: RSI2 oversold bounce + momentum follow-through
Timing: Ideal entry within the 5-day signal window
📍 Entry & Risk Management
Recommended Entry: $23.72 (market or limit)
Stop Loss: $21.98 (7.3% risk)
Take Profit: $27.24 (14.8% reward)
R/R Ratio: 1:2.03 ✅
🧠 Trade Rationale
SBS combines strong fundamentals with a technical pullback and a confirmed Connors RSI2 buy signal.
The 4H downtrend offers a clean entry before resumption of the daily uptrend.
Minimal debt risk and strong growth profile support a medium-term hold.
📆 Watch List
Monitor for a close above $24.20 for confirmation of bullish momentum.
Watch for any fundamental news from earnings or sector updates.
✅ Summary
Asset: SBS
Action: BUY
Entry: $23.72
SL: $21.98
TP: $27.24
Signal Type: Multi-timeframe + Connors RSI2 Confirmed
‼️ Disclaimer
This post is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Trading stocks and other financial instruments carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, experience, and risk appetite before acting on any information contained in this analysis. The author is not a registered financial advisor and assumes no liability for any financial losses or gains resulting from this information. Past performance is not indicative of future results. Always conduct your own due diligence.
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.
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.