PETR3 trade ideas
PBR's shares consolidatingPetroleo brasileiro's shares consolidating on resistance After a wild rally up, NYSE:PBR has now lose its power . We can see buyers and sellers fighting for the stock next direction. We can see a flag formation here. Nevertheless, I'll go long if price close above 8.94 and short if price closes below 8.84. Both SL on 8.88
PetrobrasAcciones dificiles si las hay, me arriesgo a decir que esta en una zona complicada, de superarla va en busqueda de la WMA, pero mi vision es bajista. Esta accion esta ''a la deriva'', dentro de poco hay un balance, suele seguir movimientos bruscos del wti.
$PBR #PBR - Posible pequeño recorte/descanso$PBR está perdiendo un poco de fuerza al alza y empieza a mostrar signos de debilidad al no poder superar los 8.78.
Antes de continuar con las subas, es posible que se tome un descanso retrocediendo hacia 2 niveles de soporte claves: 8.23 y 8.04.
Para ello, antes debemos esperar la pérdida de la zona de 8.71 para confirmar la debilidad.
Ésta situación se anula con un cierre superior a 8.78
PBR last chance to buy at lower price?View on week compresion
+ fibo correction of 50%
+ hide bullish divergence on RSI
+ lowest price of the flag
+ test last high, now first support
PBR --- MASSIVE BREAKDOWN --- Target $5.14Massive BreakDown
Descending Triangle
Bearish Divergence
BreakAway Gap
Target $5.14
Bullish PBR Moving Average CrossOn April 10, 2017, Petrobras ( PBR ) crossed over its 200 day moving average (DMA). Historically this has occurred 47 times and the stock does not always continue to rise. It has a median gain of 5.428% and maximum gain of 22.706% over the next 15 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 54.9389. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral but has been trending up.
The true strength index (TSI) is currently -10.0095. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading, although negative, declares the stock is moving up.
The negative vortex indicator (VI) is at 1.2281. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is moving up.
The stochastic oscillator K value is 70.8279 and D value is 80.0101. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock just began a reversal downward.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up. Based on historical movement compared to current levels and the current position, the stock could gain another 4.00% over the next 15 trading days.
PBR retesting the wedge this AMPBR is coming into resistance this AM premarket around 10.25 or so. I may initiate some puts 2 weeks out for a short term pull back.
PBR looking to drop some moreOn March 24, 2017 the Petroleo Brasileiro (PBR) 50 day moving average (MA) crossed below its 150 day. Historically this has occurred 14 times. When this happens, the stock drops a minimum of 3.057%, has a median drop of 6.215% and maximum drop of 30.567% over the next 14 trading days. This last occurred in August 2014. The stock dropped 24.08% over the next 24 trading days and ultimately bottomed out 102 trading days since the crossover with a loss of 44.69%
When we take a look at other technical indicators, the relative strength index (RSI) is at 39.7506. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slightly heading upward but no distinct direction is known.
The true strength index (TSI) is currently -21.4752. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is trending downward. The last two times the TSI dropped below this level the stock continued to drop.
The negative vortex indicator (VI) is currently 1.1227. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward. This stock has a history of floating around this level and going higher in all of the last 5 times this crossover has occurred. Overall outlook of this indicator is downward.
Considering the moving average crossover, RSI, TSI, and VI levels, the overall near-term stock direction appears to be trending downward. Based on historical movement compared to current levels and current downtrend, the stock could drop at least another 3.80% over the next four weeks.
projeção baixista em PETR4.projeção baixista em PETR4. alvo na bolinha. limite do quadrado vermelho é o stop.
Que paliza dejo hoy la vela de $PBREn el día de Hoy la vela de $PBR dejo una vela muy pero muy fea, con una baja del mas de 7%. El problema no es la vela que dejo hoy, sino es lo que vendrá.
Por mi parte creo que el momento de compra puede ser dentro de los 9/9.10, que mañana puede de arranque ir para ese lado y después salir. Puede ser que por otro lado mañana se de una suba del 2 o 3%... pero si pasa eso siento que es un rebote de gato muerto.
En síntesis, compra en la zona de 9/9.10, por ahora estaría liquido hasta que venga a esta zona.
wave 4 consolidation looking for a but out of this triangle.
be ready for anything. sometimes you'll see a drop first.
