This is a long term Elliott Waves count in order to know where we are.
In the most recent days, the C of 1 might require a little move further down.
It's also possible possible that this C is only a A of a bigger correction.
Either way, a move up should follow shortly.
Waiting for decision.
Coming close to a decision point around 14.40
If it will turnover here maybe possible to make some money but generally each rise in the stock price is for another fall until proved otherwise.
Please fix the label as "LONG" instead of "NEUTRAL". Thank you.
PBR has had a long bear market this year, falling from over $32 to under $18 along with a massive slide in the Brazilian stock market. PBR is a major element of the Brazilian stock market.
The sellers have knocked down the price of PBR to bargain-basement levels, but it has been like a falling...
