Bovespa
Possible gain in the PETR4I think that the PETR4 it's going to up in a few days.
After the down of the PETR4, because of problems with trucker on Brazil, i think that the paper will grow up until 19.50.
BOVESPA looking for a particular target?Brazil is not just disappointing in the World Cup, but also on Bovespa. However, some emerging markets will benefit from the worldwide turmoil.
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Correction to be continued in the Bovespa (Brazil) indexThe Brazil index, Bovespa, often trades in tandem with the Brazilian Real. The index is showing signs of weakness. A good hedge is shorting the Brazilian Real. This is because the Brazilian economy is exchange rate sensitive. See image below to see its consistency.
If the breakdown in the Bovespa breaks the wedge to the downside beyond the minimum target, I believe it is limited to 74,000. Right into the red box. At that point I will be a major buyer
Força para seguir para novos topos históricos!Depois da correção da forte tendencia de alta do dia 18, ajuste realizado até a faixa de 50% de Fibonacci e possível novo inicio de alta.
Expect a major secular bull market in Brazil Bovespa IndexTarget is 300,000. Any dip into 74,000 is a buy. Accumulation should be in the 1st quarter of 2018.
Bovespa heading back to highs and beyond?#Brazil #Bovespa turning back to strength after recent pullback? Resistance at highs around 77000 then if can hold & break 81000's?! Feels like a lot of hard work to me! Support if reverses down around 69000 area?
LAME3 - Potential Breakout Flag PatternPossible flag formation on the daily timeframe.
Wait for a break out to the upside of the channel and buy this stock.
Entry 16,17 Reais
Stop Loss 15,38 Reais
Target 17,68 Reais
ELPL4 - Potential breakout from a PennantLooking at the daily and smaller timeframes (1h or 4h), it is possible to see a potential pennant formation on this stock.
Expecting a retest of the high at 15,98 Reais.
Entry at market.
Stop Loss at 14,43 Reais
Target at 15,93 Reais
BBAS3 - UptrendStock currently on an uptrend.
Price has recently found support on 21 days moving average line.
Buy at market.
Stop at 29,77 reais
Profits at 34,80 reais
Trailing stops is always a good idea since price might not move straight up.
LAME3 - Expecting a breakoutLAME3 came out of a week of indecision.
Let's see if market decides which way to go this next week.
If we see a breakout to the upside we will do this:
Buy at market
Stops at 14,20 reais
Target at 15,78 reais
If we see a breakout to the downside we will do this:
Sell at market
Stops at 14,76 reais
Target at 13,71 reais
NATU3 - Possible Breakout to the upsideNATU3 has currently consolidated between 27,90 reais and 30,40 reais.
It almost broke out to the upside on last candle of last week's trade.
Let's see if price breaks and closes above 30,40 reais. If it does, we will be looking for a buy.
Stop Loss at 29,11 reais
Profit at 33,73 reais (just below an important level of resistance looking at the weekly chart)
PCAR4 - Possible Breakout to the upsidePossible breakout to the upside on this stock.
Entry Price 76,65 Reais
Stop Loss at 69,97 Reais
Profit at 87,11 Reais (Next level of resistance)
$PBR #PBR - Posible pequeño recorte/descanso$PBR está perdiendo un poco de fuerza al alza y empieza a mostrar signos de debilidad al no poder superar los 8.78.
Antes de continuar con las subas, es posible que se tome un descanso retrocediendo hacia 2 niveles de soporte claves: 8.23 y 8.04.
Para ello, antes debemos esperar la pérdida de la zona de 8.71 para confirmar la debilidad.
Ésta situación se anula con un cierre superior a 8.78
Short EWZShort EWZ on touch of long term resistance line and apparent continuation of long term bear market. However, if current correction leads to an additional wave up and breakout from the trend, the trade will be stopped and there are high chances of reversal towards long term bull market.
IBOV - Five-waves up completed: time for retracement.Fibonacci levels are the targets.
Happy trading!
Brazil Index: Long IntradayExpecting we reach the green target zone. Risk reward is favorable for a long.
Execution Strategy on BovespaLong term I am bullish. These are my price interests with full execution strategy.
(4h) Deeper at 78 for a Cypher // Bovespa (following)BMFBOVESPA:IND1!
Note: 2h chart double Bottom at previous resistance now turned into support:
Safe Trades;
BVSP - Gartley PatternFor our brazilian friends out there in the market.
Bovespa stocks market has just completed a Cypher Pattern on a daily chart. It is also possible to see a double top before it started the movement down.
This might give us a signal that this market will retrace back into 382 Fib retracement (confluence with X point which is previous resistance level) and maybe further down 618 Fib retracement (confluence with B point which is previous resistance level).
