BMFBOVESPA:BRFS3 does a hammer to much far from moving averages.
It shall be up, a really high volume may indicates a end of a trend! In candles we can see a possible bullish island reversal pattern.
BMFBOVESPA:BRFS3 com aparente formação de fundo (bottom) próximo a suporte de Fibonacci, com um "giro" de 45o. Se confirmado, abre uma boa possibilidade de compra. Pode-se esperar a confirmação do cruzamento das médias (8x21) ou usar as retrações de Fibonacci.
BRFS has formed a H&S on the daily chart. All indicators pointing down and trend is down. Higher time frame charts suggest further declines. Lower time frame charts suggest small and short advances in the near future, so be patient. weekly Monthly
Predict that after the end of convergence, the price will move up. Stop loss 2% below the horizontal supporting line.
compra/buy BRFS3 2.77% a 37,38. stop 32,67. rp/partial 42,06. alvo/target 47,45
One more pivot in the daily chart and everything will be aligned
We are in a fresh upward trend , which set back to a important support zone . The market struggled to close above 17,25$. If the market closes above 17,25$ I would open a long position . The SL can be placed under the last low or the support zone .
This should be a very long term entry ... MACD Positive Divegence on the Daily chart ... Price broke the resistance at 48,25 ... Now let´s wait for a retracement to FIBO 61,8% to go LONG. Entry = 47,36 Target = 60,54
Long oportunity breaking the 55.40 level. target between 61 and 64.30
RSI is oversold, "Willy" Vix is showing volatility, leg D of a Cipher pattern is about to complete. There's a good chance of a short term bounce in this range, IMO.