A lot of charts are looking bearish at the moment with monthly candles closing as gravestone dojis on the tops of recent trends. PBR could see some downsize if the recession gets worse. That being said, might make for a great longer term bullish play.
The PEAD projected a bullish outlook for $PBR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
$PBR has a great looking setup here, it also pays a massive dividend, but it comes with a nice dose of political risk with Lula at the helm in Brazil.
If you did the due diligence, this is a great trend signal giving a low risk entry for you.
Best of luck!
Cheers,
Ivan Labrie.
Here is a short term possible H&S of PBR. If it does play out as such a retest of the trendline that was broken might be possible. There is a lot of uncertainty with the switch in Brazil so a healthy dose of caution.
This is not financial advise.
some strong divergence amongst the government turmoil, plan to open up some call positions 11$ strikes for February which rn are close to 35 cents. will sell when stoch hits over sold. fib bands for support and res levels. GL
We are on a uptrend here boys. Ignore the noise and its go time. You want to make money, you need to get your hands dirty...Its pretty dirty now which means you probably should buy. I love you. 20% dividends a year means you hold it for 5 years and you make it all back.
Watch here for PBR Gap fill if we break structure see a retest on yesterday's low.
However before with bullish convergence and a continuation on the uptrend I could see us filling the Gap.
Petroleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil...
I guess PBR could retest upper levels. after a heavy sell-off, it could recover by testing the moving average. An important factor is oil price fluctuation.
The PEAD projected a Bullish outlook for $PBR after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
My play is as follows for the current ascending channel PBR has formed.
1. Puts at red trend line.
2. Calls at green trend line.
3. Puts once $16 is hit which is acting as the currently daily resistance
IMO looks like it could be setting up a reverse head and shoulders here with the right shoulder currently forming. Volume drying up as the selloff continues within a falling wedge. Early entry could be breakout of the wedge with a stop set below the right shoulder once formed.
PBR is a Brazilian oil company that does well following the price of Crude which has been showing relative strength against other equities. With the certainty of higher rates, higher dollar and more uncertainty of the near term; the market will most likely remain bullish on Oil, Gas, and commodities.
Unusual Options Activity points at the a price of $16 and $17...
Brazilian oil is on the rise as they are discovering more oil rigs, and there is going to be a more foreign and internal investment in the company thanks to the Amazon Rainforest discovery.
Cool Fact: ¿What is the country with the most percentage of black people?
You may answer Brazil, but in reality in history 70% of Brazilians are white.
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
As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
