Weekly time frame shows breakout and pullback into range daily timeframe show breakout of downtrend line and price consolidating in symmetrical triangle on lower volume showing no strong selling establishing position on monday for breakout and using 3ATR as stop loss monthly timeframe showing stage 2 mark up
Empresa vem crescendo, topos e fundos acendentes, rompeu topo histórico.
UPDATE: Took no position as this gapped up and moving down with light volume. Will evaluate at end of the day (10/6/14) to determine if downtrend is reversing. At end of the day price closed nearer low of the day than higher of the day. Will buy once Stoch. is aboe 20 and RSI continues up Going long for a quick move to resistance at 8.37. Looking at .10/1.26%...
Companhia de Saneamento is up over the last week, after rallying aggressively off strong support in the $8.25 region. There is minor resistance between $10 and $10.60 (50% Fibonacci retracement), although primary resistance is not until $11.25 to $11.50 which marks the stop of a multi-month range. Any pulls backs should find support above $8.75 (old downward...
SBS has dropped about 50% since the beginning of this year. I think it will drop more, so I will wait a little pullback to buy.