SUZB5: Eyes open for next week new's
The context:
* A large percentage of company's sales is done in USD (exportations), so high USDBRL -1.21% is good for the company.
* The BEK prices (Bleached Eucalyptus Kraft) suffered a donw trend in the last months, affecting all the players of the sector (See ETF 0.00%% WOOD), but there is a moviment of price growning in course.
* The company's 2Q/20216 results were considered "over analists expectations", with an important Private Equity bank targeting R$ 20 p/s in the next 12 months.
So, when we take this context with the market data it's possible to see bullish trend forming soon; Special attention must be given to RSI hiting 20% and the divergence between WOOD and SUZB5 -3.31% since 14/Jul.
Now, the only factor that may be blocking an bullish trend in this stock is the USDBRL -1.21% , wich reached an accumulation point this week.
My bet: If in the next monday (01/Aug) the price stock forms an nice candle, crossing R$10.3, it's time to buy; Target R$10.80, but it may change with the next market new's ( USDBRL -1.21% ).
Comments are welcome!
(Anacarsis thank you for the help)
* A large percentage of company's sales is done in USD (exportations), so high USDBRL -1.21% is good for the company.
* The BEK prices (Bleached Eucalyptus Kraft) suffered a donw trend in the last months, affecting all the players of the sector (See ETF 0.00%% WOOD), but there is a moviment of price growning in course.
* The company's 2Q/20216 results were considered "over analists expectations", with an important Private Equity bank targeting R$ 20 p/s in the next 12 months.
So, when we take this context with the market data it's possible to see bullish trend forming soon; Special attention must be given to RSI hiting 20% and the divergence between WOOD and SUZB5 -3.31% since 14/Jul.
Now, the only factor that may be blocking an bullish trend in this stock is the USDBRL -1.21% , wich reached an accumulation point this week.
My bet: If in the next monday (01/Aug) the price stock forms an nice candle, crossing R$10.3, it's time to buy; Target R$10.80, but it may change with the next market new's ( USDBRL -1.21% ).
Comments are welcome!
(Anacarsis thank you for the help)
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