Inside upper trend channel
Why it forms: Market based on felling (no fundaments)
What to expect: High Volatility
If base line breaks; there could be strong sell off, and consolidation of third wave for IBOV
Lets test the power of chats... I bet there will be a good buy around 3,50 and 3,40 in the next few day... Keep Following ...
A third wave, inside lower-trend, can take PETR4 back to 13,50 , or, if violent move takes places, 12,90 maybe a good buy.
USIM5 break , following
Clear Break in USIM5 , positive day for IBOV, may give good gains for swing
Given the Brazilian markets upper trend , breaking 3,60 could be a great buy for USIM5 , maybe taking to new highs on 4,20.
Cup pattern developing on USIM5 ; Possible Realisation move could give us the Handle ...
Then, we could just drink it from 3,30 up to 4,30 .
Look what just happen after the cup... Just after publishing the "just drink the cup"
So, chart .... they are real.
Large Upper channel developing for day.
Chance of upper-breaks within the channel is high
Large Flag ends, within huge upper trend. Upper Break out on the way!
Just drink the whole cup
OIBR4 is near breaking a flame (converging pattern) . This month is showing high volume and upward trend . Expecting upper gap during opening, to test 2,70 resistance.