KAS109

UGP - Long - Nice Trend and Positive Ichimoku

Long
NYSE:UGP   Ultrapar Participacoes S.A. (New)
Definition of an uptrend = higher highs, higher lows
In bullish territory on Ichimoku chart - above cloud and all lines
+1 point for dividend

Watching only for now, if it consolidates (looking for doji's here) or shows bullishness I will buy, if it violates the 20 EMA - no trade

Target = $17.20 R/R = 2.65 (Stop = $12.38)

Fundamental
https://www.reuters.com/article/brazil-m...
Trade active
Comment: Moving protective stop to $14.14 ~20 EMA
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