I think PBR can retrace to 11.95 .. I have a small position right around here.. but that would be a great value move if we can get it at 11.95 :)
Trade to half past R1 on Thursday. S3 holds support and the Bullish engulfing make it pretty solid. (Playing off the bounce)
A giant triangle being formed since 2009 at $PBR monthly chart. Waiting for a possible upside breakout at the end of the pattern. 2014 is going to be fun.
PBR has dropped under the 2009's resistance line. It means that It will drop more from now on. Get ready to short.
After hit 1st weekly extension @13,25, now expecting @16,38 (a bit resistence)
This is a long term Elliott Waves count in order to know where we are. In the most recent days, the C of 1 might require a little move further down. It's also possible possible that this C is only a A of a bigger correction. Either way, a move up should follow shortly.