Looks good for longs in this area below green, stoploss below white, targets are lines above. Keep in mind there are gaps below white line, could fill them. - this is not financial advice. dont blindly follow these trades they are for record keeping only.
A ABEV3 tentou 2 vezes romper a resistência de Fibo + Média móvel de 200 + Canal paralelo: 3 resistências numa mesma região, não será uma tarefa fácil. Acredito que haja maior probabilidade do preço retrair até R$12.50, onde existe um suporte forte para o preço se aguentar.
Friday’s price has pushed ABEV above the highs of the consolidation range that we have seen since the lows of March. The GoNoGo Trend Indicator is a strong “Go” and has been for a few bars. Initially the trend was flagged a “Go” but as it fought with resistance struggled to paint the brightest blue. It is a good sign to see the trend strengthening. In the lower...
ABEV’s innovation outlook is trending down based on a current score of 36 out of 99, underperforming sector average. Over the past 4 quarters ABEV failed to beat earnings estimates and it pays dividend higher than its peers. For more analysis and articles visit our website .
ABEV had a good upward run breaking recent resistance. We think it will continue its upward run from here.
Date First Found- May 11, 2017
Pattern/Why- Flag formation
Entry Target Criteria- Pull back to $6.10
Exit Target Criteria- Momentum
Stop Loss Criteria- $5.87
Please check back for Trade updates. (Note: Trade update is little delayed here.)