Petrobrás long biased, the worse has passed away. Long live until 9.47
Bullish divergence followed by a 50% retrace on price. Set entry on key level and waiting for the next resistance touch. Stop losses @3%, Take Profit @10%
Fundamental keypoints: (Translated from portuguese) * New management: The new finance minister shows that is able to change the actual situation, which makes the market enthusiastic and hopeful * While Dilma said the actual president is going to stay for the moment, there are rumors saying she'll (Which is Maria das Graça Foster) be replaced by Vale's actual...
Considering both Technical and Fundamental aspects, both the new fiscal policy that benefits investors on the stock market and the technical market setup show us that soon we're going to be calling bottom, expecting a rise back to the 70.000- level after 2015, considering a new record and a new resistance. If the support breaks through before that and the policy...