CIA ENERGETICA MINAS GERAIS-CEMIG SPON ADR REPR 1 N-VTG PRF SHS(LEVEL 2)

NYSE

CIG

NYSE:CIG

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...

Think may hit 1.8 next before next down trend

Wait for confirmation! and BUY!! Price to Book Value = 0.77

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.

Triangle on impending definition.

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." --...

The Company is still the same one as before, earning the same money, having the same clients. Todays reaction is irrational. Take the discount.

CIG has been very cyclical lately, and has been reliably bouncing off of this trend line and bouncing dramatically. I think there is a high likelihood that it will continue this trend and pattern. That means that I should have a fantastic entry point soon.

Made the decision on Fundamentals, not TA.

RSI strong MOM bounced

Weekly chart. Again, critical zone this week. Reaching this trend line. Strong support in my opinion on the 3 price zone. Will see soon. It could taste the 2,75 zone.

Critical zone. Reaching this trend line. Strong support in my opinion on the 3 price zone. Will see soon.

Objective zone 3.70 reached. In my vision possibles corrections Zones: 1) 3/3.10 Support zone and Fibo 38% 2) 2,90/2,60 Fibo 50 and 61%.

CIG Semanal obj $3,74

CIG Stan Weinstein beginning stage 2, CIG good potential, good dividends, electrical is future.