Com a inação das autoridades no sentido de dar consistência às contas públicas o lento, mas consistente processo de frustração vem se fazendo realidade. Forte resistência marcada em uma linha de tendência de baixa. À espera de um conjunto de fatos para que se reverta isso.
This is a Brazilian company in steel sector, which is very damaged by economic crise and commodities cycle. But it is a strong company and with the fixing in Brazilian politics fixind added to commodities market normalizing in medium term, its price will improve. All the relevant move average are in a parallel upping. They show an evident uptrend.
Trend changing? Look for 48K, then for 47K supports. Brazil´s fundamentals are critic just now. Major firms are overpriced. There are some of them that are cheap, but it is a hard mining job. Technical surprises loom over their heads. Volatility is very high.