Slight Possibility of ActivityThis asset is currently in a parallel structure above the 200EMA for the current time being which is a glimmer of hope. There is a Doji candle residing in close proximity of a demand level, the price is also near the Value Area Low (VAL): "This is the lowest price level within the Value Area. It indicates the lower boundary of the range where most trading occurred." (per Microsoft Copilot). SRSI and RSI levels are near oversold levels and the bottom indicator is flashing. If the bottom indicator is accurate (not certain) it is indicating to prepare for some positive price movement.
BRFS3 trade ideas
Long BRFSBRF S.A. (NYSE: BRFS), a prominent company in the food production sector , has shown some interesting developments and financial activities recently. Here's a summary of what's going on with BRF S.A.:
1. Stock Performance and Financials: As of January 19, 2024, BRF SA's stock closed at 2.65 USD, which is 14.10% below its 52-week high of 3.09 USD, set on November 29, 2023. The 52-week range of the stock has been between 1.06 USD and 3.09 USD. The company's market capitalization stands at 4.44 billion USD
2. Recent Stock Movements: The company has experienced some fluctuations in its stock price. For instance, on January 17, 2024, the stock price moved over -2.29% to 2.56 USD, and on January 19, 2024, it rose above the 15-day moving average to 2.63 USD
3. Earnings and Revenue: In one of its recent financial reports, BRF S.A. reported GAAP EPS (Earnings Per Share) of -R$1.58 with a revenue of R$12.04B. However, specific details about the latest quarter's earnings weren't available in the sources reviewed
4. Analyst Perspectives: There have been mixed opinions from analysts regarding BRF S.A.'s stock. Some have pointed out the company's significant potential in the food sector, while others have shown concerns related to market volatility and other challenges.
5. Industry Trends: BRF S.A. operates in a dynamic sector where factors like consumer demand, global meat market trends, and food industry developments play a crucial role in shaping the company's performance.
BRF SA Alert set for break above $4.80BRF SA engages in the breeding and slaughter of poultry and pork for processing. The firm also produces and sells fresh meat processed foods, pasta, sauce, mayonnaise, frozen vegetables, and soybean byproducts. It operates through the following business segments: Brazil, International, and Other. BRF SA was founded in 1934 and is headquartered in Sao Paulo, Brazil.
UNCERTAIN SO TRADE WITH VOLUMES - BRFS - 240MN - MY IDEAThank you for your Likes! Very Appreciated! Please give the chance to the community to see what you like by Sharing!
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After a nice long fall, the price has stabilized and is following a very weak support line going in the upside.
There is a support, illustrated by the blue line, that has been tested few times with a major failure lately.
This opens the door to a short entry on that time. Now we are looking at the price which has broken the very weak support line.
The signal of a short direction is not significant.
The probability is higher to see the price testing again the resistance line, then different scenarios:
- The market fails again goes in a declining trend. Perfect entry for a short trade, profits in the Sort direction.
- The market supported with volumes forms a nice larger candlestick to break the resistance, top blue line. At that moment the doted support line will become a serious support line. Good entry for a long entry.
To resume:
Beware next week at the volumes and the reaction of the market towards the blue resistance line.
BRFS downtrend channelBig pictrue of fundamental analysis and technical analysis. stocks are rising for a while, today release was because of donald situation to not make a deal with china, up trend is good and solid
Write sometning about your psyhology thinking before trade? I am ok and capable to trade
Describe the trade. What you see? there is a megaphone and the price is on the support line of the megaphone, eliot could be at fouthe wave, fifth expected, moving avereage could imagine that are in downturn, also 200sma is flatening. P/E is a little high but still in borders. fundametal analysis looks good only ROE and ROA looks preaty bad. Stock is 13,65 % down from 52W high.
Write why you want to enter the trade in this point? support short and long term
BRFS3 - Possivel ponto de pivot e entradaVamos rapidamente à análise. O ativo rompeu a resistência dos R$ 32,59 na semana passada.
Os dois últimos dias apresentaram dois candles de baixa e é muito provavel que nesta próxima semana haja um teste desse novo suporte (antiga resistencia).
É um bom momento para entrar comprado com um SL curto em uma operação de baixo risco.
BRF S.A. 4 RRR shortTrading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
BRFS3 desenhando um OCOI?Bom dia!
Observo a formação de um ombro-cabeça-ombro inclinado (figura altista) na BRFS3, com alvo nos 32,72, que é a próxima resistência relevante no semanal, e alvo da figura.
Ativo encontra-se em vias de romper a média móvel exponencial de 21 períodos, que trará momentum para a ação. A última vez que o ativo trabalhou acima desta média foi em novembro de 2017.
Gráfico Semanal:
No diário a MME de 21 períodos está levemente cruzando a MA de 50 para cima.
Gráfico Diário:
Abraços,
Manoel