The Fibonacci projection already shows a 23% gain compared to the previous bullish upside in the previous days. Expecting a full 100% correction upside!
Stronger than the IBOV index, RADL3 appears to be a cup formation. It may be the handle forming itself now, or the stock is just making a pullback, I do believe it is strong enough to grow even more.
Raia Drogasil SA is a Brazil-based company engaged in retail sales of medications, specialty medicines, perfumery, personal care and beauty products, cosmetics and dermocosmetics. The Company’s sales are carried out by over 860 stores, located in the states of Sao Paulo, Minas Gerais, Rio de Janeiro, Parana, Goias, Espirito Santo, Santa Catarina, Rio Grande do Sul, Bahia, Mato Grosso and Mato Grosso do Sul and in the Distrito Federal. The Company operates through a range of subsidiaries, such as Raia SA and 4-Bio Medicamentos SA.
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RADL3
