Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated.
There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement
Petrobras Uncovered: A Dividend Gem with Potential?
Petrobras' ON N2 shares from Brazil are particularly interesting, notably due to their high dividend yield. As the largest oil producer in Brazil and one of the biggest in South America, this stock holds significant importance over the coming years. It has experienced a strong rise, with our Wave (2) starting at 2.2 Brazilian Reals. Since then, it has risen and completed Wave (3) at the 227.2% extension level. Now, we should be entering Wave (4) and ideally not fall below the level of 19 Brazil
CYRE3 - 7 months CUP & HANDLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
Deep Dive into Taurus Arms Financials: A Look at 2024 ProspectsPrice Performance and Trends: The asset has experienced various ups and downs over the years, with an all-time high considerably above the current price. The recent trend seems to indicate a price resistance level that the stock struggles to break above. It's crucial to look at whether the stock has had strong reversals from this resistance level historically and if there are patterns in its price movements around key technical levels.
Valuation Ratios: The P/L (Price to Earnings) ratio is 7.59
VIVT3Telefônica Brasil, trading as Vivo, is a Brazilian telecommunications group, subsidiary of Spanish Telefónica. It was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized.
Bias: Buy/Long
Strategy: Re-Emerging Momentum.
Azul in the best buy scenarioAzul (AZUL4) has improved its latest quarterly results, in addition the price is at pandemic crash levels. In general, Brazilians dislike three sectors: retail, slaughterhouses and aviation. In my opinion, this is an opportunity. Targets in Fibonacci extensions: 0.618 (R$21.63), 1 (R$27.60), 1.618 (R$37.25) and 2.618 (R$52.87).
ALong
BEEF3 adjusted for Brazilian inflationMinerva Foods (BEEF3) is the largest beef exporter in South America, with access to more than 100 countries and operations in Brazil, Argentina, Chile, Colombia, Uruguay, Paraguay. Adjusted for Brazilian CPI and considering its fundamentalist indicators the stock it in one of its cheapest periods. The main concern is the company debt, leverage.
ELong
CMIN3 - 9 months ASCENDING TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin























