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Pandorra

Sell PetroBras around double top

Short
PETROLEO BRASILEIRO SA PETROBR (NYSE:PBR)  
Pandorra Updated   
NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
brazil petrobras USDBRL brasileiro
5
0
brazil petrobras usdbrl brasileiro
Based on RSI55 div on a daily chart and bearish structure look forward for consolidation around 10.20/share and further reversal.
Time horizon: 1-2 quarters.
Initial target and stop as it drawn on the chart.
Trade active:
Yes, now is the time to short this wild Brazilian card. $10.44 in momentum

snapshot
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