utilities and commodities super cycle kicking off for developing nations
Ascending Triangle, not confirmed just yet for CIG. Will have to pierce through the 2.75$ resistance with volume to confirm. Watching. If confirmed: Price target = 4.44$ Stay humble, have fun, make money!
Companhia Energetica de Minas Gerais, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of energy in Brazil. The company operates 89 hydroelectric and solar plants with an installed capacity of 6K MW; 339K miles of distribution lines. Revenue TTM 4.6B Net Income TTM 596M EBITDA TTM 991M Cash TTM 592M Net Margin TTM...
NYSE:CIG is flagging and showing bullish signs ahead of earnings, any miss in earnings on Monday could send the stock back to around 2.1$ which will be a good opportunity to buy IMO otherwise a breakout of the flag on Monday after earnings is buy signal. Anticipated price action and targets are shown on the chart, stop loss at 2.0$. Hit the like button please if...
Cia Energetica Minas Gerais-Cemig, through its subsidiaries, participates in the generation, transmission, distribution and sale of energy in Brazil. As of December 31, 2019, the company operated 80 hydroelectric, thermoelectric and wind and solar plants with an installed capacity of 6,000 MW; 4,134 km transmission lines; and 335,421 km of distribution...
Still no definite wave count. W view is starting to look like it's making a bigger correction to go down, but it appears that it's going to give a few buying setups before a clear long term direction is given. smaller degree looks like a ending diag that's complete and we might be going up to attack the previous highs within the range. Or could be correcting the...
Price above Upper BB & Broke trendline Expect price to reach at least $2.5/$2.98 level
Looking good for a LONG (HIGH volume with good float) Sky high past previous HIGHS. 1-2 dollar move(set strong STOP)
Utilities Sector finished strong last week, and if momentum continues look at CIG closely for long play over the upper channel trend line. DISCLAIMER: This is not a financial advice, so please do your due diligence. Also for more in-depth analysis of our trade ideas please check out our YOUTUBE channel @PMT Trading.
NYSE:CIG has some nice wave structure going on. The 1st Impulse 1/A wave took the form of a diagonal. Now we're trading withing a slowly descending channel that looks like the upside will come (if not on this current move up, soon) What are your thoughts on this company? I'd love to hear some input! Thanks for looking, and trade responsibly! Always remember YOU...
Black friday wont last forever. This company is getting really hurt by political issues in Brazil. But the price atm is ridiculous. Buy and have patience, at least 1 year investment.
Resistance at 2.76 zone. Old resistance but new support? . Low Volume until now, but apparently increasing. Definition zone. Stan Weisntein invest point. Long in CIG. will see. It's my opinion. I'm inside this train, it's only a matter of patience. Electricity is FUTURE. "The stock market is a device for transferring money from the impatient to the patient." --...