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PETROLEO BRASILEIRO SA PETROBRAS CEDEAR EAC REPR 1 ADS (USD)PP

PETROLEO BRASILEIRO SA PETROBRAS CEDEAR EAC REPR 1 ADS (USD)

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PBRD trade ideas

Petrobras. Chasing oil prices.Petrobras (Petroleo Brasileiro) is the largest Brazilian oil and gas company. The company is in the top 20 largest oil and gas companies in the world by capitalization with a value of $69.9B. Petrobras also ranks 7th in terms of oil production, producing almost 2 million barrels per day (Saudi Aramco produces 10.9 million and ranks 1st). ➡️ On the daily chart, the rise after March 2020 forms zigzags, suggesting that this move represents the start of an initial diagonal. In the second half of the past year, the price consolidated above the broken level of $9.3 - $9.6 , forming a triangle presumably in the {b}of3 wave of the diagonal. ➡️ On the hourly chart, stock is growing along with oil prices, moving within the wave (iii)of{c}of3. This suggests a slight correction after a sharp growth of almost 20% over the past 10 days. 📈 The estimated goal of the movement is the level at which the shares were traded before the start of the COVID - $14.5 - $15 per share. As well as the local maximum of 2019, which the price tested as many as 5 times – $17 . ➖ Local levels, where my wave interpretation should be revised are $10.7 , $9.2 and $7 .
NLong
by Dmitrii_Kachalov
4
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.
NLong
by mohammadjavadjafari
Petroleo Brasiliero up for a move up. PBRLast time when I analyzed this stock, we seen a move to the downside, confirming a zigzag as one of the potential patterns in this particular case. A bit of time has passed since then and it seems that we have clearly begun on the first instances of that coveted Wave C. We are bullish in a generally, currently bearish stock. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NLong
by Rykin_Capital
Petrobras Attempts a BreakoutEmerging markets have mostly struggled lately as the U.S. dollar climbed. That may have created an opportunity in Brazilian energy driller Petrobras. Unlike other oil giants like Exxon Mobil and Chevron , PBR has barely moved in the last month as crude oil jumped. However, it closed above its 50-day simple moving average (SMA) on Friday and is continuing to fight higher today. The next pattern is the downward-sloping trendline along the peaks of July and August, which prices are also trying to break. Third, consider the area where PBR has bounced. It’s not only near the “nice round number” of $10, but is also close to the 200-day SMA. That kind of support from below could also help drive a potential breakout through the falling trendline. Finally, the shorter-term trend is potentially bullish after the 8-day exponential moving average (EMA) crossed above the 21-day EMA on Friday. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NLong
by TradeStation
PBR PetrobasPETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. Analysis: This company impresses me from a financial perspective. This is a company that is managing their debt and cashflow during adverse times within an underperforming sector. I've seen that they've been having alot of activity going on this past month which indicates future sustainability when comparing their operating cashflow to their short term and long term debt scenario. Interested to see how this company performs over time! On the daily time frame, price is currently overbought when looking at the RSI and the MACD. Even with this sentiment, the previous high was broken on the 4 hour time frame. So I took a look at the smaller time frames and it seems like price is ready to start retracing to a near support level considering that the 200 and 50 ema is crossing on the 15 min time frame and under. It looks like the gap is closing on the 1 hour and the 4 hour going down. I would like to see where price is at when the rsi is oversold and the macd reverses it current crossover. If this company continues to have stable operating and free cashflow over the next few quarters, I don't see why the share price wouldn't have positive expectancy. I have a price target of $31 but realistically, I just price reach support and retrace the resistance. *not advice. just an analysis.
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by Redimere_91