Fairly high probability we see the Bovespa index trade to the downside. This is a great trade because it presents us with multiple opportunities if the stop gets triggered (with a close on the weekly time frame). Pay Attention to the correlation between USDBRL and Bovespa Index - extremely important as Brazil´s equity market has proven to be extremely sensitive...
Petrobras in a new management. The new president says that he intends to rescue the company of an "organized gang", and will attempts partnership with shareholders to raise the economy of the company. In the other hand some scholars do not agree with the Parente's (new Director) proposals and intend to struggle against the reform in the company. In my view, I am...
O papel encontrou um suporte em 13,83. Se o papel cruzar para baixo a MA20, terá alguns candles de queda. Rompendo a resistência de 14,95, o papel buscará a MA200 oscilando dentro do retângulo.
O papel encontrou um suporte da média móvel de 200 (MA200). Com o rompimento da MA200 o papel terá mais alguns candles de queda. O papel poderá subir alguns candles até alcançar a MA20 que servirá de resistência derrubando o preço novamente, Comprar o papel só quando romper a MA20
The Bovespa has been forming a symmetrical downward trend followed by a 1.618 extension of the longer bull trend. You can see this in the chart by the first light blue fib retracement, and then I used a green arrow to indicate where the second retracement line is compared to the green 1.618 retracement line. The second to last move down is a bit tricky as it...
The weakening of the Real will likely bring further losses in this index. A strengthening of the Real will continue to bring gains in the Bovespa index. See correlation in chart below. It's been statistically significant for 16 years, and is ongoing.