ABEV had a good upward run breaking recent resistance. We think it will continue its upward run from here. ABEV 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.)
In the last few months, this sock has been constantly losing value as it goes, 12 months of downtrend and doesnt seem too satured just yet, maybe the 6.81 resistence will hod, but you can expect new record low levels in the following weeks, specially after January. Its not advise to enter in this stock for short-term, nor shorting for long0term, since the real...