Nice consolidation at the end of a pullback in a bull run. Not a bad trade at all
The Sao Paulo stock market, or Bovespa, is characterized by its strong presence in defensive sectors such as banking and insurance companies, as well as in commodity producers such as VALE or PETROBRAS, and energy companies such as ELETROBRAS or EQUATORIAL ENERGIA. This is common in a country with a solid export base of raw materials and foodstuffs such as AMBEV,...
Due to major events stocks will suffer a bit mainly in emerging markets...for moment trend down
Elliott Wave Analysis IBovespa Index Details on the chart
Brazilian stock market has got a change in directon of trend down.. for moment trend up
-I begin my humble analysis with a paradoxical sentence: “Brazil does not lose the opportunity to lose great opportunities”. -Brazil looks like that beautiful Ford Mustang parked in the garage, however, with a little thing out of the axis. It has no wheels. -Despite being without the beautiful wheels, it still manages to leave the place, and that means that the...
1 - Start 2 - The middle! 3 - The end? 4 - What is the question? As we know, normally, the future repeats the past and in view of the scenarios presented above, in your opinion, which of the LTA's will prices respect with the scenarios that are about to happen with the new directions that are designed for the Brazilian scenario in the coming years? At the...
Bovespa has confirmed its down trend direction.. for moment its a sell
After the Second World War, with the advance of modernism, humanity entered in a phase that I like to call "Say nice things, and should be fine". Even politics stopped being a pragmatic process and started to be more like sports crowds mixed with cheating feelings. We are still advancing into this delusional process of disconnection from reality. People are not...
The main stock index of brazil has got into neutral territory. for moment its neutral to short position....
Here is the amazing scenario that is developing for the Brazilian economy. Democracy does not mean that the best outcome will always be the result. *irony included
Waiting for the old support level test for a long signal.
Against all odds... ibovespa has showed strenght ... trend up
Pay close attention to this morning star in IBOV very close to the third target of Fibo. It should be the end of a short term high.
I explained part of my rationale on the USD/BRL related forecast.
Great accumulation zone for brazilian Ibovespa. RSI below 2.00.
Since the Coronavirus Pandemic, IBOVESPA has been in a rising wedge pattern. There are key spots in the pattern. This ups the chances of IBOVESPA dumping, since the pattern has been there for so long, and it is still in action. We don’t know what will happen. The most probable thing is that it will dump. All we need to do is wait. BMFBOVESPA:IBOV
Brazilian stock market has showed weakness so for moment its sell it