AZUL has two consecutive triangular patterns, the second has confirmed the breack out, technical
testing shows prices can go as high as $18 dollars.
Buy : $11.60
Target : $18
Stop loss : 10% .
Wish you good deals!
Hello,
What is AZUL?
Azul S.A. provides passenger and cargo air transportation services in Brazil. As of March 31, 2018, it operated 739 daily flights to 106 destinations through a network of 206 non-stop routes with a fleet of 120 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
AZUL Stock Summary
AZUL's SEC filings...
AZUL has been in uptrend mode since the start of 2019 with a YTD return of 40% but has been capped below 38 for the past 2 months. Finally, we are seeing some bullish price actions above 38 as buyers seem to have overpowered the sellers. As it clears the last resistance, it looks like there are clear skies ahead for AZUL towards the all-time highs where...
The Brazilian airline company is in a great growth phase, as South America begins to develop a economy with a greater percentage of the population having the ability to travel. It must be remembered that a vast majority of the population in Brazil may never have stepped foot on a plane, the market is immense for expansion.
