BUY SNSL3 On double bottom and breakout from negative trend lineBUY SNSL3 On double bottom and breakout from negative trend line. MACD highly divergent.
Brazil
$EWZ WeeklyIf the election goes the way 'they' want, and he seems to be poised to win; we we could see a $10-$15 upswing. Option call contracts are seeing high volume. #IMO
ENIA LONGENIA is a company that has gotten smashed with most EM's over the past few months, but has had no fundamental changes. Price recently bounced off support at $7.00, and is up over 10% since then on big green volume. This is an easy long to hold over the next few months. My price target is $11.
Sell HYPE3 on bearish breakoutHYPE3 is breaking out from a bearish rectangle and/or bearish pennant pattern it has been in for almost 100 trading days. On Balance Volume clearly shows bears are stronger. Short now, stop loss at around 30.
Short HYPE3 on trend line break and weak OBVAfter a 33% selloff from historic highs, HYPE3 is breaking out from a more than 100 days long complex congestion that may be a continuation bearish rectangle and/or bearish-pennant type of pattern. On balance volume indicator confirms bears are winning the battle. Short.
Brazil is at make or break levelsWill either rocket downward after breaking resistance or rebound here. Fundamentally, this looks to be more negative based on what is happening in the world of currency.
CUP & HANDLE FORMATION FOR USDBRLHi all, cup and handle formation for USDBRL, after breaking the trendline at 4.30 i guess price will rocket around 6.94
Buy GBIO33Buy GBIO33 on strong MACD divergence. For stronger buy indication, wait for price to surpass negative trend line.
Long Vale for Wave 5 AdvanceVale looks as though it's completing it's 4th Wave decline and should be heading upwards for the 5th Wave.
A Larger Correction Might Be Underway for VALEThe Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea).
NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down.
If this count is correct we should still expect Intermediate waves B and C.
Only after Cycle Wave C, the last part of Supercycle Wave 2, should we see the hallowed Supercycle Wave 3. \o/
Best idea for now is to step aside from the stock and wait for signs Supercycle Wave 3 is around the corner...
EWZ - BrazilLooking for some high IV trades to enter into the mix here.
-1 Sep21 33/40 strangle for $1.34.
Risk: 2x credit received (worst case, take stock)
Target: 50% profit
Depending on how things go, I may keep rolling this position on in different ways, reacting to how the market moves.
EWZ: Likely bottomed or bottoming here...Brazil is extremely washed out, but it has held a long term support level so far. I think odds are the market turns up from here.
I'm long $PBR in particular, since it is showing tremendous relative strength vs the brazilian market, and it has a long way to go to catch up to oil, closing the gigantic spread it now has. The situation with the CEO resigning caused further headwinds in the stock, but it has now stabilized and coiling against overhead supply...over time it will break above it following the earnings report most likely -as long as the fundamental story doesn't change and debt continues to be tackled effectively...-.
As for the $EWZ chart, we have hit a monthly low volume support, and also the lowest point of the last time they almost impeach Temer, this was a huge capitulation day for many investors and it is where most stocks bottomed back then. I'd look into finding interesting brazilian companies rather than buying the index directly, but it gives us a good reference point here. Another interesting chart is $EEM, and the Chinese stock market, both of which are also affected by the rally in the dollar that we had so far.
Best of luck,
Ivan Labrie.
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.
EWZ, Weekly, NeutralEWZ (Brazil), has been in an uptrend since 2016. The past 3 months has seen it drop to it's support. Oversold conditions in RSI and Williams indicate that EWZ may have bottomed out.
This may be a low-risk entry point, but buying would be catching a falling knife. The support has not been well-tested either, so I am remaining neutral on EWZ for now.
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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Brazilian strikes (for VALE) - will last for 2 weeks more. I expect Brazilian strikes will last for +/- 2 weeks more. So all local stocks can down more.
Expect VALE to down until $12,8-13,15...
then BUY.
Brazilian REAL to accelerate devaluation against the USDWe suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame.
We expect an acceleration on the REAL devaluation once the 4 reais level is crossed.
Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian economy and the country's political turmoil. We can't see any fundamental that could revert the course of the REAL devaluation, on the opposite the odds are stacking against it.
Technically speaking the only positive aspect of the chart for the REAL is the overbought RSI/Scholastic for the USD. That signals a possible incoming reset of these indicators, and we would expect some sideways action for couple of months until the 4 Reais level is broken.
We favor a long USD for the next 24 months trend.
EWZS - Brazil Small Caps at an interesting area- Steep downtrend since mid October.
- Near the low of its longer term uptrend range.
- Bouncing off 200MA.
- RSI stabilizing.
Long EWZ on touch of bullish trend line supportBuy EWZ on touch of bullish trend line support. Stop at last week's candle minimum, medium-term loose target about 30% above current prices in line with previous uptrend in cycle.
