leochecon
Long

SUZB5: Eyes open for next week new's

BMFBOVESPA:SUZB5   SUZANO PAPELPNA N1
The context:
* A large percentage of company's sales is done in USD (exportations), so high USDBRL             -1.21% is good for the company.
* The BEK prices (Bleached Eucalyptus Kraft) suffered a donw trend in the last months, affecting all the players of the sector (See ETF 0.00%% WOOD), but there is a moviment of price growning in course.
* The company's 2Q/20216 results were considered "over analists expectations", with an important Private Equity bank targeting R$ 20 p/s in the next 12 months.

So, when we take this context with the market data it's possible to see bullish trend forming soon; Special attention must be given to RSI hiting 20% and the divergence between WOOD and SUZB5             -3.31% since 14/Jul.
Now, the only factor that may be blocking an bullish trend in this stock is the USDBRL             -1.21% , wich reached an accumulation point this week.

My bet: If in the next monday (01/Aug) the price stock forms an nice candle, crossing R$10.3, it's time to buy; Target R$10.80, but it may change with the next market new's ( USDBRL             -1.21% ).

Comments are welcome!
(@Anacarsis thank you for the help)

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Anacarsis
4 months ago
It looks pretty good for me. Dolar value, USDBRL, is always an important factor when it's about cellulose companies. Whether the dolar falling stop it's a good asset to have, since the paper has an inverse trend related with the dolar movement.
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