Technicial analysis Sell $VIV.US

NYSE:VIV   Telefonica Brasil S.A
Trade idea - Technicial analysis:
Sell $VIV.US

Chart: Heikin Ashi 1D
Bulls have started to show weakness. Muliple long wicks forming doji's at the top of the last run.

Chart: Candlestick 1D
MACD histogram crossed over and now posting negitive trend.
RSI falling from overbrought

10. 40 Confluence of 50EMA and 0.328 fibonacci level. Approx 20%


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.