If the price holds above this level by tomorrow, we are going for another bullish leg. Espectacular amounts of money have gone into Brazil. Will this continue? Bradesco might be the best proxy for this.
BMFBOVESPA:BBDC4 beautiful short flag if lost the minimum price today!
i believe that BBD finish their bearish trend. Our target is 9 dollars.
It´s been a rough couple of weeks for BBD, but the fall appears to reach a strong support (0.786 of the last bullish movement).
Preço respeitando a LTA do canal. Fundos mais altos indicando resistência na região.
Looks like it's going through a quick correction before going long.
7.97 is the last standing support befor BBD goes deeply down as : 1- Previous top broken resistance 2- 200 MA 3- Unusual Put volume seen @ 20 Jan 11$ Strike with 62 PUT/CALL Ratio
We need to see 7.97 broken with daily close to confirm the bearish direction supported with 2.7K unusual Put volume seen @ Strike 11$
Possible third wave in BBDC3, entry into 29.90 with stop loss at 28.15 and target in 35.15.
Long ITUB4 ( NYSE:ITUB ) Short BBDC4 ( NYSE:BBD )
Nice head and shoulders already triggered in the daily chart.