What is AZUL? Azul S.A. provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
What do I see? Looking at the chart it is very clear that we are seeing an expanding triangle. We also have the beginnings of a bullish divergence, check the snapshot below.
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