Get started
PETROLEO BRASILEIRO SA PETROBRAS ADS EACH REP 2 COM SHPETROLEO BRASILEIRO SA PETROBRAS ADS EACH REP 2 COM SHPETROLEO BRASILEIRO SA PETROBRAS ADS EACH REP 2 COM SH

PETROLEO BRASILEIRO SA PETROBRAS ADS EACH REP 2 COM SH

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

0KHP trade ideas

PETROLEO BRASILEIRO - a Bullish viewIn PBR we had 2 long periods looking at the Monthly chart: The first was "to the moon" and the second "to the Abyss". On the chart is like a huge inverted V pattern. Since then, PBR started to regain some ground with a nice constructive move. I believe that we are at the start of a long term uptrend which could lead PBR towards $30 and even higher. Looking at shorter term periods (charts), it seems that we are in a 5 Waves up pattern. We had Wave 1 and 2 and we have entered Wave 3 up which could be impressive. Wave 4 (down) and 5 (up) will follow. Note: Upcoming elections are influencing investors' behavior at the stock market. "Brazilian stocks present profits across sectors ahead of the country's Oct. 7 presidential elections as polls show Jair Bolsonaro increasingly likely to block the leftist Workers Party from returning to power..."
NYSE:PBRLong
by winstox
PETR4: EVALUATING THE LAST WEEK.1-To get to the Fibo, it would still need to fall another week. 2- But the recovery in the week was 3.24% + or -, as see the figure. This indicated force and volume. 3- There is a good "distance" to the average in orange, this indicates that there may be an return to the average on this week, but, everything depends on the monday candle. TIPS: Begin the week with daily candle and go always looking at the weekly candle, if it is "Green" equal to the dollar, keep buying.
BMFBOVESPA:PETR4Long
by denot