ESPA3 broke above the R$0.80 resistance level with strong volume, indicating solid buying pressure. The stock reached the 61.8% Fibonacci projection at R$0.935 and is now undergoing a mild pullback, which could present a buying opportunity near the short-term moving averages. The short-term trend remains bullish, with upside targets at R$0.976 and R$1.043. A suggested stop loss is placed at R$0.760.
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.
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.