After Petrobras' earnings recovered from the fallout of the Car Wash scandal and the precipitous drop in oil prices, PBR is appears significantly overvalued vs. its peers. A Short Opportunity seems to present itself.
DISCLAIMER: I own no positions in PBR at the time of publishing this Idea. The above does not constitute a recommendation, and any actions you...
COO has been on the up and up consistently for te past few years, following a broadly exponential growth since 2016. The channel (on log scale chart) indicates COO @$360 by year's end, up around 10% from today. An opportunity to buy.
Obviously, no exponential growth can continue indefinitely, but I'd like to hear about reasons why would falter these next 6...
![PBR: SHORT PBR [P PBR $15.00 JAN-21]](https://s3.tradingview.com/t/twZrx4r4_mid.png "SHORT PBR [P PBR $15.00 JAN-21]")
