Price is below the 20 period moving average and is now testing a support line(light blue 116.68) which is a key support due to the fact that it acted already as support and resistance in the past for a few times.
This area is also a convergence point between the support line(116.68) and the 56 period moving average(dark blue) and downtrend line(light purple)....
After a long uptrend, the price tested the monthly uptrend line(light green circle (10.28) and price is going down passing the closest support line((10.16) and it had testing already twice the next support line 10.01 which is also a convergence area with the 56 period moving average(10.05).
If price respect this area it will continue the uptrend line.
But if the...
Magazine luiza one of the biggest retail companies in brazil has got trend up... mainly due inflation becoming less corrosive so less credit problems ahead!
Wege3 go to 30BRL until Aug. 16th, it the new resistance, on The AB CD (d) indicates 30 BRL , The XABCD indicates (d) on 32BRL. Fibonacci retraction indicate 30, therefore WEGE3 walk to 30!. You can confirm if the stock down to 27 (support) and cumulate some valume. After, 30 is the target!, 32 is a other special point.
@cleber.martinelli @vgamstalden
Hello followers,
if you follow PETROBRAS - BRAZILIAN PETRO - PETR4
this is the time to take profit, it is time for the crash.
good luck and good profit.
MW
Locaweb is presenting an interesting buy. Having gotten clobbered in the past months due to interest rates on the rise locally and globally, we now have signs that the bearish trend is on its last breaths, or has morphed into very early stages of an uptrend.
DOUBLE BOTTOM
A Double Bottom is likely being formed.
SUPPORT REJECTION
A few days ago, price closed a...
Sector are pressured by bullish petroleum market. If activeted, the price may developing to bottom of covid.
#repost. First one was writed in portuguese.
A Brazilian finteach right now has showed a pattern well know in most markets since 1500. Study and compare how J.Livermore was right and keep being right until now.
“There will never be any news on Wall Street or in stock speculation. What happened in the past will happen again, again and again. This is because human nature does not change, as human emotion is...
Following the trend, I'd buy w if breaks the latest high
Stop Loss - Below the lowest low from the previous candles
1st Target - R/R = 1,00 - 1/3 Position
2nd Target - R/R = 2,00 - 1/3 Position
3rd Target - R/R = 3,00 - 1/3 Position
