Based on RSI55 div on a daily chart and bearish structure look forward for consolidation around 10.20/share and further reversal. Time horizon: 1-2 quarters. Initial target and stop as it drawn on the chart.
Shorting PETR4 as it made a double top after a long uptrend from late January 2016
We keep seeing activity on this kind of stock. Very unfortunate for Petrobras being involved on this massive corruption scandal created by the last administration, in fact, I liked to call it as I've coined before, "One of the biggest heist of all times". Sometimes we caught myself thinking about this. Who knew everything started far back there with some bribes...
Sell Brazil el ritmo caliente, Bullish setup for BZQ ETF ProShares UltraShort MSCI Brazil Capped BZQ seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index®. Volumes great as never. Initial targeted tp 28+
Once again PBR has gone up way too far and too early. Despite REAL record apreciation this year the company still has more than US$100B of net debt and its main product ( Oil Brent ) is devaluing more and more.
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...
This study show the possibility ( ceteris paribus ) of BMFBOVESPA:PETR4 loosing another 8.5% (going to R$7.53 level) in the next 16 days based in historical correlation with VALE5 in a one year time-frame. I'll play this doing a Long (VALE5) & Short (PETR4) and buying PETR4 puts.
Divergence between CL1! , INDEX:XOI and NYSE:PBR . Very bearish for PBR, PBR.A, PETR4. Long (XOI) & Short (PBR) may be interesting.
If NYMEX:CL1! opens neutral or bearish monday morning I´ll buy BMFBOVESPA:PETR4 PUTS (PETRQ90) aiming a two days correction for PETR4.
Fundamentals Petrobras has seen an 80% rally through March, which is unsustainable. The reason for this is because the rally is based on the possible [ impeachment of president Dilma Rousseff, whose policies adversely affected the Brazilian oil market. While this is good news for the Brazilian oil company, the fundamentals of the company simply do not fit with...
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...