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IBOV

IBOV boxed in by its 55-week maDuring times of heightened volatility in markets, I have observed that markets have a tendency to mean revert to their long-term moving averages (my favourites are the 55 and 200-week moving averages) and I noticed this beautiful set- up on the IBOV weekly chart (Brazilian stock market). Not only did the market test and bounce off the 200 week-moving average twice at the end of 2021 and the beginning of 2022 (200-week ma is currently at 101159), but we have just hit the 55-week ma at 115636. So, what does this mean? Well, after an almost 15% rally this year, I would prepare for some profit taking at the 55-week ma. Adding to this resistance is the 200-day moving average at approx. 115321 AND the 50% retracement of the move down from June 2021 to December 2021 at 115560, this is a veritable WALL of resistance, and we would allow for a set-back towards the 55-day ma at 107925. It seems to still be in a longer term up move so we would expect to see some stabilisation around here. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
BMFBOVESPA:IBOV
by The_STA
1
SPX: Let's think outside the box!Hello traders and investors! Let’s take a look at how the SPX is doing today! Yes, this is the only index which is about to break a new record high , and that’s incredible, but what if I tell you that we have better options around? In the end of this analysis, I’ll present to you one example of a trade we did, looking at other markets, outside of the radar of most investors. Let’s see. First, we have another example of a Trap Zone , in the 1h chart. The index is trapped between the resistance at the ATH and the 21 ema, which is going up. This squeezes the price, and eventually, SPX will explode , we just don’t know to which direction. If it defeats the ATH, it’ll just keep flying, but if it loses the 21 ema, then the 4,180 is the next support. Let’s see the daily chart: Yes, the index is performing amazingly well! We have a bull trend, and honestly, even if it drops again to the 4k I wouldn’t be surprised. But since March, we are going up roughly 10%. Which is not terrible, but if you know where to look, you may find some very impressive stocks in different markets. I already told you the potential of some Brazilian ADRs yesterday ( link below ), and I still believe that some ADRs will outperform the US market in the next few weeks/months. Probably we’ll see a retraction soon, but this doesn’t ruin the bullish momentum we have here. For instance, one of my recommendations was on CIG , which is going up almost 50% since my first call (Mar 5). This happens because, despite the similar performance seen on SPX and IBOV, we have several undervalued sectors, and we can take advantage of this distortion. I gave several calls on Brazilian ADRs to my group, and all of them are performing insanely well. Let’s think outside the box, if Warren Buffett likes to invest in other markets, like in Japan and Brazil, why wouldn’t you? Remember to follow me to keep in touch with my daily studies, and support this idea if you liked it! Thank you very much!
SP:SPX
by Nathan_The_Finance_Hydra
POSSIBILIDADE DE CORREÇÃO DA QUEDA DOS ULTIMOS 3 MESESCIEL3 - O fato é que o ativo se encontra em tendencia de baixa no longo prazo... Porém como todos sabem que o preço se movimenta em ondas, há uma possibilidade de uma correção desse último movimento baixista feito pelo papel nos ultimos 3 meses, onde em média (de acordo com os 2 ultimos movimentos de baixa no grafico mensal) os movimentos de baixa duram 4 meses e se caso o movimento de baixa mais recente for finalizado estamos falando de um movimento de 3 meses, o que estaria muito proximo da simetria dos movimentos anteriores. Acredito nessa correção porque no presente momento (23/nov) vejo que quando o preço se aproximou do suporte da mín historica (3,23) houve entrada de pressão compradora que fez os preços subirem 12,76% no papel esse mês. Um detalhe importante é que se o mês resolver fechar sem perder a mínima do mês anterior ja configura outro sinal interessante, no meu ponto de vista, pra ficar atento a essa possível correção da queda. Outro ponto que aumentaria ainda mais a probabilidade disso acontecer seria a superação da máxima do mês de novembro a partir de dezembro. No entanto, quando observo o ultimo movimento do grafico semanal vejo que os compradores estão mais fracos ainda e que o preço vem testando a média movel (eu utilizo a de 13 periodos) podendo haver uma pressão de venda na regiao, proporcionando assim algum movimento de queda no preço. Tendo em vista o grafico mensal e utilizando a informação que temos no grafico semanal, que o preço pode encontrar pressão de venda por estar testando região de resistencia, como referencia, acredito que podemos sim corrigir algumas semanas porém existindo a possibilidade de formar um fundo ascendente e posteriormente um pivo de alta no grafico semanal que nesse caso unindo a quebra de máx descendente no grafico mensal aumentaria consideravelmente a chance de realmente haver uma correção de toda a queda que o papel teve nos ultimos meses.
CLong
by lucasneto26
Brazil's IBOVA beautiful bear flag on the Brazil index. I haven't much to add about that, except that, like the Canadian TSX, the strong counter rally after the June high and subsequent drop has broken the channel from the February high to the June high. Also, very locally, the most recent price action has formed a wedge similar to the one on the S&P 500: The long-term picture looks like a nice broadening formation. I expect we will eventually find the bottom. I suppose from there we might see a big bounce, but after that, given the number of touches we already have in that formation, it could be lights out. Maybe a scenario such as 40K bounce to 80K then a collapse of the structure? Just a guess at this point.
BMFBOVESPA:IBOVShort
by CHTradingGroup
IBOV - tendência inverte - em direção de níveis abaixo de 62,000Conforme nosso post do dia 5 de Junho, o Ibovespa finalizou o rally de correção e agora volta para o trend de baixa. O que vimos nas recentes altas foi uma onda de correção pra cima intermediária (B) que a segunda onda de 3 que completarão a onda primária 4. Entramos agora na onda intermediária ( C) que deverá levar o índice no caminho a níveis abaixo de 62,000. No caso do índice cruzar pra cima a marca de 98,00, esta análise deverá ser revista. SIGA SKYLINEPRO PARA RECEBER UPDATES.
BMFBOVESPA:IBOVShort
by SkylinePro
O Pulo do Gato MortoMotivos para aceditar que estamos apenas vendo um "pulo do gato morto": 1) Atingimos a retração de 0,618 de toda a queda; 2) Atingimos o alvo de 100% do pivo de alta que se formou na reversão; 3) O alvo atingido está no mesmo nível da mm200 que é uma média bem forte; Além do preço atual ter atingido o alvo dos tópicos anteriores, deixamos um martelo invertido no alvo. Todos os itens listados são baseados em Analise Técnica. Falando de uma maneira fundamentalista, o que vemos foi uma subida baseada na injeção de trilhões de dolares de todos os bancos centrais criando um descolamento muito grande da realidade. As empresas estão com números cada vez piores devido a crise do Covid. Uma hora o mercado vai abrir o olho para essa realidade....
BMFBOVESPA:IBOVShort
by ThiagoFrank
6