UGP - Long - Nice Trend and Positive Ichimoku
Definition of an uptrend = higher highs, higher lows
In bullish territory on Ichimoku chart - above cloud and all lines
+1 point for dividend
Watching only for now, if it consolidates (looking for doji's here) or shows bullishness I will buy, if it violates the 20 EMA - no trade
Target = $17.20 R/R = 2.65 (Stop = $12.38)
Fundamental
reuters.com/article/brazil-markets-bolsonaro/brazil-stock-market-hits-record-high-on-bolsonaros-potential-reforms-idUSL1N1Z41AO?rpc=401&
In bullish territory on Ichimoku chart - above cloud and all lines
+1 point for dividend
Watching only for now, if it consolidates (looking for doji's here) or shows bullishness I will buy, if it violates the 20 EMA - no trade
Target = $17.20 R/R = 2.65 (Stop = $12.38)
Fundamental
reuters.com/article/brazil-markets-bolsonaro/brazil-stock-market-hits-record-high-on-bolsonaros-potential-reforms-idUSL1N1Z41AO?rpc=401&
Trade active
Note
Moving protective stop to $14.14 ~20 EMA
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