SID trade ideas
Buy $SID - NRPicks 29 AprCompanhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. The company operates in five segments: Steel, Mining, Logistics, Energy and Cement.
Revenue TTM 8.5B
EBITDA TTM 3.5B
Net Income TTM 2.1B
Margin EBITDA TTM 41%
Totaldebt/ EBITDA TTM 1.65x
Second test of Ichimoku/SMA screener resultScreener setting Daily
This screener looks for uptrend continuations
The screener is fairly crude, so I picked a point
on the the chart that met these 5 conditions of a
Ichimoku signal for an uptrend continuation
1-Price crosses above Kinjun Sen
2 Tenkan Sen Crosses above Kinjun Sen
3 Chiko Span Crosses or is above price
4 Kinko Twist Senko A above Senko B
5 Price breaks or is above Kumo Cloud
Once I determined that,
I plotted 8 SMAs on the screen and
built a "MA Stack"
200
5
10
20
100
50
So in the screener, I set it to to be:
200SMA Above or Equal to SMA 5
5 SMA above 10 SMA
10 SMA Above 20 SMA
20 SMA Above 100 SMA
100 SMA Above 50 SMA
Let's see what happens!
Good technical conditions for a uptrend
CSN on uncomfortable risk of dam colapse after strong rains.NYSE:SID / BMFBOVESPA:CSNA3 'Casa da Pedra' Dam at Congonhas-MG was inspected today (Tuesday) by agents of the national mining agency* who assessed that there is no risk of dam collapse, but they identified small erosions damage and ordered immediate action from CSN .
Tomorrow (Wed) are forecasted to rain 20mm.
Thursday: 6mm
Friday: 4mm.
Put options might be a prudent position for stock holders.
*https://www.gov.br/anm/pt-br/assuntos/noticias/nota-da-anm-sobre-a-barragem-casa-de-pedra-situada-em-congonhas-mg
Approaching Bullish AreaWith inflation risk speculation at highs and default debate going. Might be a good time to buy a producer of commodities. Steel coil/iron ore future at highs. Could be a good outlook for Q4 Earnings for SID, as they own high grade Iron ore deposits in Brazil. Brazil central bank meeting on 26th, might have an affect on the countries currency, which could entail a stronger real further enhancing earnings for the company. Also bounced off yearly moving averages and RSI indicating oversold.
Deep study on SID for a bullish setup.Today we will show you our research on SID looking for statistical patterns on price historical data.
First: We have defined all the cases we want to study. In this case, ALL the corrections above the yellow horizontal line with a retracement higher or equal to -20%. Also, we have defined the duration of each of them.
Second: With that clear, we will check each of the bullish impulses with all the possible setups we could have taken
The last picture is the current situation.
What about the target?
The previous impulse reached its top really close to the Fibo Retracement. So, we will be using the same logic to define the current target. Of course, we will go a little bit lower just to be cautious.
Final Setup
The conclusion we are observing is that from a statistical perspective, Trading this structure above B (even higher) is worth the risk considering that we can have a 1:3 risk-reward ratio with a situation that has been proven successful since 2006 until now. Please comment your idea or any flaws you can find in our view. Thanks for reading!
#CSNA3 sell signalAccordingly Bulkowski's, it's being drawn a Broadening tops pattern on CSNA3 (Brazil Ibovespa stock).
#VALE3 is also breaking the a trend ascending line and should visit 100BRL soon. Vale has 12% weight on #IBOV composition.
It's a good moment to consider going short, stop long positions or look at some protections (e.g. PUT options)
TARGET HIT $SID Target @7.03 for 14.87% TARGET HIT. $SID Target 23.27 for 14.87%
This market is so funny... this 14% took me 81 days... that is a LONG hold. I'm out for now. Happy trading.
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$SID Target 7.03 for 14.87% Or next add level is at 5.21$SID Target 7.03 for 14.87%
Or next add level is at 5.21
Haha... I would really like this to finally hit my target... I've been holding since Jan. 15th. Came close
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Bandeira altista na CSNA3
Previamente eu estava esperando uma correção forte na CSNA3, que não aconteceu e eu só fiquei vendo os preços subirem.
Mas aparentemente está sendo formada uma bandeira altista e o romipendimento para cima pode significar boas oportunidades.
Especialistas costumam prever que o movimento após o rompimento seja de tamanho semelhante ao tamanho cdo movimento que levou até essa posição, e por esse motivo eu coloquei duas setas exatamente do mesmo tamanho.
É importante prestar atenção ao volume no rompimento. Um rompimento com um volume muito baixo pode indicar um falso rompimento.
Rompimento de Triângulo?CSNA3 Trabalhando acima das EMAs de 13 e 26 rompendo o triângulo simétrico indicando uma possível subida.
Projeção de ganhos bastante interessantes de cerca de 36% no alvo 1 e quase 100% no alvo 2! Ohh loco bicho!!
Como ela já deu uma esticada, o stop ficaria muito longo nos 9,25. Então, acho que vale um stop baseado no gerenciamento de risco na casa dos 9,74.
Obs: Esta análise reflete apenas minha opinião pessoal e não é uma indicação de compra ou venda, opere por sua conta e risco, mas fique a vontade para debater análise técnica.
Ótimo trade a todos!!
