asset working in bullish channel, held the 61.8 retracement, made a candle with very strong volume with volume above the 20-average, OBV working at the level near the top.
The indicators tell us to short AGRO3 but make sure to close position if the indicators go neutral
Inside bar on August 21st and possible change in the downtrend.
BrasilAgro Cia Brasileira de Propriedades Agricolas engages in the agricultural businesses, which acquires, develops, invests, operates and sells cattle raising, forestry activities and real estate properties. It operates through the following segments: Real Estate, Grains, Sugarcane, Livestock, and Others. The Real Estate segmeng presents results from operations...
50% retrace based on global equities sell off. Looking sub 2.70 to get long.
This stock buys you land all over South America. 319,000 Hectares between Brazil and Paraguay, just to name a few (mostly in Brazil). Exposure to an incredible emerging market. Exposure to commodities long term (grain and sugar mostly, cattle as well) Management is a powerhouse. JP Morgan owns 7% of the float. George Soros made this company happen. Google...