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Where there's no value, price shouldn't be going higherWe keep seeing activity on this kind of stock. Very unfortunate for Petrobras being involved on this massive corruption scandal created by the last administration, in fact, I liked to call it as I've coined before, "One of the biggest heist of all times". Sometimes we caught myself thinking about this. Who knew everything started far back there with some bribes for selling cardboard shipping boxes for the domestic post service. This is a clear example to remind us all of things that doesn't make sense in finance and in the Financial Market as a whole. No expert analysis could help either nor different approaches to interpret such moves that occusionally happen. Petrobras is clearly a dying with a very old and unsustainable model which would be feasible only in case the barrel jumped to above $150 again and markup it's believed to be much higher than that. But as one said once, "where's hope there's always a chance". I really wish good prosperous and better times Co. but that is not up to me. Good Luck for all the holders out there.
BMFBOVESPA:PETR4
by Rickvespa
CYRE3 bullish stream (10%)CYRE3 pode replicar movimento de alta do mês de Julho, visando topo superior do canal. Sinais positivos: * GAP deixado em aberto após queda no preço, em 10 de Agosto de 2016, com movimento interrompido por suporte, em R$9.96 * Topos e fundos ascendentes, no gráfico semanal * Movimentação de preços dentro de canal, formado desde Março de 2016 * Aumento na média móvel de volume de negociações, que vem crescendo desde Junho de 2016 English version: CYRE3 can replicate upward movement of July, targeting upper end of the channel. Positive signs : * GAP left open after price drop of August 2016, with movement interrupted by support at R$9.96 * Rising tops and bottons, on the weekly chart * Prices ranging within the channel formed since March 2016 * Increased moving average trading volume , which has been growing since June 2016 STOP: R$9,96 Target: R$11.56
BMFBOVESPA:CYRE3Long
by Inativo
4