Diallo_Charts_Ideas

DECISIONS FROM MIDDLE OF COMING WEEK - SBS - 240MN - MY IDEA

Long
NYSE:SBS   Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp
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We observed that after a long run down the market have found some power to stop the fall.
The market now moves in a range. We observed that the tops are lowering while the bottoms are increasing and doing their pullbacks on an increasing support line.

Monotone movement up and down in this range will see its end during next week. Probability of seeing more explicit moves from the middle of the week. Maybe first signs will show up from Tuesday.

Decision:
-Line are broken and you follow the trend
-Wait until market reaches back the resistance line to enter Short on a pullback down or Long on a significant break up.

Question triggering the community:
- Is it the right time to buy Brazilian Share?

Leave your comments on what would be your answer?