ASAI - Bear Idea An idea for the bears showing a channel breakdown in two situations
Each channel is very similar that is why I am comparing the down movements aswell
The green horizontal is considered a strong support
Next report date
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0.49 USD
142.15 M USD
13.31 B USD
About ASSAI ON NM
Sector
Industry
CEO
Belmiro de Figueiredo Gomes
Website
Headquarters
Rio de Janeiro
Founded
1974
FIGI
BBG00ZDRF751
Sendas Distribuidora SA engages in the retail and wholesale of food and other products through its stores. It operates through the Cash and Carry, and Éxito Group segment. The Cash and Carry segment includes its business under the Assai brand. The Éxito Group segment consists of its businesses in Columbia, Argentina, and Uruguay under the Éxito, Surtimax, Super Inter, and Carulla brands. The company was founded by Arthur Antonio Sendas in 1974 and is headquartered in Sao Paulo, Brazil.
$ASAI Bullish Signs and Setup$ASAI setting up. 4 bullish signs:
* 55% advance post IPO launch
* Pulling back only less than 10% from ATHs (bullish)
* 2 Months of sideways consolidation price movement
* Building its base around 50 MA
$ASAI Early Box Setup$ASAI early box setup. Volume pattern looks very solid and its what grabbed my attention. There is hardly any selling in this new IPO. Couple more days in this box would be ideal.
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An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.