Rumo, formerly known América Latina Logística, is a Brazilian logistic company, mainly focused in the railway line logistics in Brazil, being the largest company in Latin America in this segment.
Potential swing buy/long.
BMFBOVESPA:RAIL3 in week timeframe is near a long term parallel channel. A few days ago marked a double top, and reached the target of short swing trade having found sma200 and long term trendline. In addition, this week is doing a inside bar, which probably will bring buyers next week in breakout of maximum price of this week.
I'm bullish to the stock.
