IBOV
Downtrend Back Again on IBOVESPA After a nice rally (see related idea), downtrend back again on IBOVESPA
Signs:
-Hook and crossover on overbought region of StochasticRSI;
-MD down closed on RSI (white circles);
-Marubozu candle at top of rally, followed by bearish candle indicating exhausted rally;
-Price hit a conjunction of important trend lines, on a region of resistance;
Trying to catch reversal on Brazilian IndexWell, i believe that the dashed green line is a major support. Its a region of plenty RSI's UP MD (historically) and the dailly RSI is reaching the support of up trend. Its also the region of bottom of Wave 4 of the preceding rally. A look at the higher time frames will show that this is in fact a region of reversion, specially reversion from downtrends and corrections. There is a little more fall to occur, and i would watch for minor signals of reversion before a entry ( i may add charts of smaller timeframes in comments sessions) if the prices really reach this region. Targets are showed by green arrows (8,9% first and 11,8% then).
Give a look at my previous related idea on IBXL ().
Technical analysis is a matter of probability, it is not deterministic, i might be wrong, and if i am, i will stand corrected.
Huge flag on ITUB4Simple idea. There is this big flag, and price is reaching the base of this sideways channel. Two entries are showed on the chart, in case of being stopped on entry 1. Im bullish on bovespa, so i think this is a great opportunity and ITUB4 is one my favourite stocks to watch and trade.
Thanks
Wave (2) on IBXL (Brazil 50 Index)At first i thought that wave (2) already had happened, but i changed my counting, and think that it is about to happen on next days or weeks. Three other technical signs agreed with this idea: the divergence of momentum indicators (indicated by purple trend lines), overbought condition on them as well and the fact that price is hitting a top of major channel. I already closed my positions.
GAFISA and Brazil's FutureAs we inch in closer to the Olympics I've dug out one of the biggest property developers in Brazil to see where it could head.
Bull case
Broken out of long term bear trend line (red) and shorter term (black)
Put in a higher high this year
Call SUZB5Suzano indica reversão de tendência de baixa com o rompimento de hoje em 14.67. Indicadores seguem positivos: OBV e RSI confirmam tendência, além do rompimento com volume acima da média. Tem objetivos em 16.20 e em 18.30 ~ 19.00.
Bullish Cypher Pattern on KROT3Meu primeiro Cypher pattern seguindo todas as ordens de fibonacci para o estudo.
Compras somente na região de 8,75
Short on SUZB5Usando a retração de Fibonacci em uma tendência de baixa, acredito que estejamos perto de uma boa entrada pra venda em BMFBOVESPA:SUZB5
Entrada: entre 14,67~14,95
Objetivo 1: 13,75
Objetivo 2: 12,81