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Brasil

Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Buy LWSA3: Support Rejection, Trendline Break + MACD DivergenceLocaweb is presenting an interesting buy. Having gotten clobbered in the past months due to interest rates on the rise locally and globally, we now have signs that the bearish trend is on its last breaths, or has morphed into very early stages of an uptrend. DOUBLE BOTTOM A Double Bottom is likely being formed. SUPPORT REJECTION A few days ago, price closed a gap that was made close to the current most recent low. After closing this gap, which was served as a support itself(thin grey horizontal rectangle), price started climbing again. TREND We already have a higher high, but confirmation of a higher low will only take place when the last high is surpassed. For now we have a temporary higher low that was made just a few days go, and is a strong candidate to become this first higher low. MACD We have triple MACD Divergence which clearly shows waning bearish trend strength. TRENDLINE The bearish trendline was broken on this moves first leg up, which had a 50% plus price push upwards. VOLUME Said first leg up had record volume.
BMFBOVESPA:LWSA3Long
by geraldelli
The PBR is out of its bearish channelEverything is clear in the picture. The downward channel that has been broken upwards and today's red candle can be considered as a pullback. The Brazilian Stock Exchange index may drop about five percent after this and then move up, so it can put this share under a bit of pressure, but overall my opinion is bullish in the medium term. Oil prices have risen dramatically and for the next two months there is no news of Iran's return to the JCPOA and the oil market (away from sanctions) and it seems that the sentiment is positive for now. The company's report next week is also very important, so please review any transaction by yourself. That was just my opinion and there is no certainty I'll be happy to share your opinions with me.
NYSE:PBRLong
by mohammadjavadjafari
The dollar country!For this one if the trend is your friend fibonacci must be your girl friend, we can see a very healthy accumulation on the weekly chart since may, the price tested the 4,94 about 2 times now and doesn't seem to be slowing down for another re-test any time soon doted line = 20%, dashed line = 50%, straight line = 100%, if the price breaks the 50% trend line we can expect another re-test at 4,94 however if the price breaks the 100% trend we should look for high pivot point and a down trend reaching for 4,25 but we can clearly see that this is just an accumulation and the trend is up so far, if we break the 6 dollar resistance it's pretty much a no coming back type of run.
Long
by JP17S
BUY EZTC3 aiming pre-COVID levelsVery strong fundamentals. Home builder focused on resilient demand: premium real estate EV/EBTIDA <10, P/B <1, PE <9. Negative net debt (>R$1 billion net cash)!!! Excellent track record operating in unstable economy with ultra conservative cash/ leverage management. In spite of conservative approach to business, the company has a very solid growth history since the IPO in 2007. Technicals: correction of 2016-2020 bull run seems to be over (or nearly so). Diverging MACD, RSI and OBV on touch of 2016-2020 trendline. Very attractive risk reward ratio on trade.
BMFBOVESPA:EZTC3Long
by BrunoBoni
Deep study on SID for a bullish setup.Today we will show you our research on SID looking for statistical patterns on price historical data. First: We have defined all the cases we want to study. In this case, ALL the corrections above the yellow horizontal line with a retracement higher or equal to -20%. Also, we have defined the duration of each of them. Second: With that clear, we will check each of the bullish impulses with all the possible setups we could have taken The last picture is the current situation. What about the target? The previous impulse reached its top really close to the Fibo Retracement. So, we will be using the same logic to define the current target. Of course, we will go a little bit lower just to be cautious. Final Setup The conclusion we are observing is that from a statistical perspective, Trading this structure above B (even higher) is worth the risk considering that we can have a 1:3 risk-reward ratio with a situation that has been proven successful since 2006 until now. Please comment your idea or any flaws you can find in our view. Thanks for reading!
NYSE:SIDLong
by ThinkingAntsOk
3
Buy $ITUB - NRPicks 28 MarItaú Unibanco Holding S.A. offers a range of financial products and services in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking and Activities with the Corporate Market. Over the past week, several investors, economists and entrepreneurs in Brazil, including ITUB shareholders, called on the government to urgently accelerate vaccination and policy discussions to cope with the pandemic. Despite the importance of the pandemic on economic recovery in Brazil, $ITUB is a value company that due to certain metrics could be considered undervalued, taking into account P/S and P/E. As for the technical it is in an uptrend, like the Brazilian ETF (EWZ), also, its price is at a key level on the weekly MA50. - P/E 13.93 vs 20.42 MKT - P/S 1.92 vs 5.09 MKT - Net income margin 25.50% - Dividend Yield 1.87% Technical: - Uptrend - Price on WEEKLY MA50 - 1,06B shares traded in the last month - Average RSI levels
NYSE:ITUBLong
by NewroadTrader
Buy $ELP - NRPicks 16 AbrCompanhia Paranaense de Energia - COPEL is engaged in the generation, transmission, distribution and sale of electricity to industrial, residential, commercial, rural and other customers mainly in Brazil. The company operated 19 hydroelectric plants, 25 wind plants and a thermoelectric plant with a total installed capacity of 5,742.0 megawatts; and owned and operated 3,389 kilometers of transmission lines and 199,952.6 kilometers of distribution lines. A company that performed well in 2020 despite Brazil's critical situation due to the pandemic. - Revenue $3.5B - Net Income $751M - EBITDA $966M - CASH $620M - LT DEBT $1.4B - TOTAL DEBT/EBITDA 1.99x - P/E 4.38 - P/S 0.91 - P/B 0.84 - Dividend Yield 9.09%
NYSE:ELPLong
by NewroadTrader
1
Unpredictable Brazil in a critical area - 08/03/2021Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current president Bolsonaro. I'm neutral but I expect a further drop moved by fear and uncertainty before go up.
AMEX:EWZ
by outbreeak
EURUSD Buy aiming a pull back with the potential to create a higAfter a bearish NY session, EU consolidated throughout the entire asian session, therefore creating a lot of liquidity. Right below liquidity we have the major 1.18000 level in confluence with an imbalance, institutional candle and last point of supply. I would be taking this trade if It approaches this area between today's London/NY and tomorrows London. Couple confluences that make this set up look good! However, worth mentioning that we do have some liquidity still sitting below and market could go for a deeper retracement, because of that I'm going with less risk in that trade.
Long
by Lucca_P