Geopolitical Context : SARS-CoV2-2019 ☣
Company Internal Situation : Unkown ❓
Average Stock Market Volume : { 23/11/2020 -> 25/11/2020 } = 4,3 x 10^6 USD
Trading Alert Triggered : ~17,00 BRL 18/11/2020
Current Price : 17,95
Trading Modality : Swing { 2 weeks ~ 3 months }
Technicals {
EMA ( L = 9 )
Stochastic [ K = 20 ]
Stochastic Moving Average Last Intersection : Oversold 09/2020
Momentum : Upward
Fibonacci Retracement Referentials [
Price Resistance ( Tested Twice, zone at ~52,82 BRL ) 14/10/2019
Price Support ( Single Test, zone at ~5,00 BRL ) 16/03/2020
Notable Fibonnaci Channel {
0.236(16.10) Support -> 0,382(23.14) Resistance
Tested Resistance { Twice }
Tested Support { Twice }
Resistance Violation = true, although weak bullish movement, candle retrace back into channel
Support Violation = True, strong bearish movement, seller wave stopped at ~14,31 BRL ( blue retangle )
Conclusion : Plausible Bullish Position { Target = 23,45 BRL }
Stop loss : 14,31 BRL
Company Internal Situation : Unkown ❓
Average Stock Market Volume : { 23/11/2020 -> 25/11/2020 } = 4,3 x 10^6 USD
Trading Alert Triggered : ~17,00 BRL 18/11/2020
Current Price : 17,95
Trading Modality : Swing { 2 weeks ~ 3 months }
Technicals {
EMA ( L = 9 )
Stochastic [ K = 20 ]
Stochastic Moving Average Last Intersection : Oversold 09/2020
Momentum : Upward
Fibonacci Retracement Referentials [
Price Resistance ( Tested Twice, zone at ~52,82 BRL ) 14/10/2019
Price Support ( Single Test, zone at ~5,00 BRL ) 16/03/2020
Notable Fibonnaci Channel {
0.236(16.10) Support -> 0,382(23.14) Resistance
Tested Resistance { Twice }
Tested Support { Twice }
Resistance Violation = true, although weak bullish movement, candle retrace back into channel
Support Violation = True, strong bearish movement, seller wave stopped at ~14,31 BRL ( blue retangle )
Conclusion : Plausible Bullish Position { Target = 23,45 BRL }
Stop loss : 14,31 BRL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.