Hello all,
I am constantly astounded at how well this little WDB Options model I put together is at finding the bottoms of markets. Here is an update of one stock that came up on our screen back last spring. The chart really speaks for itself as we have steadily moved higher from the signal levels - again astounding. The long and short of this story is if one was...
5-3-5 ZIGZAG
WAVE C .618 FIB EXTENSION OF WAVE A
WAVE B COMPLETED A ASCENDING TRIANGLE
WAVE 2 WITHIN A 5 WAVE IMPULSE CANNOT BE A TRIANGLE FURTHER STRENGTHENING OUR CONVICTION OF A CORRECTIVE WAVE PATTERN.
Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. The company is a mixed capital corporation that operates in the exploration, production, refining, commercialization, transportation, import, and export of oil and oil products. It also operates in the natural gas segment, in oil product distribution, in petrochemicals, and...
PBR seems coming out from a prolonged bear trend. Interesting action today 06June2014 with a gap and move upward. I'm entering long above today high targeting the next resistance (15.88) but this could be a major bottom for PBR. Monitoring oil prices and oil companies in parallel.
from a long term perspective, im staying away from this stock. declining 30 week ema, i need to see consolidation for probably at least a few months to a year like what we see in the blue boxes. it's probably closer to the bottom than the top but that doesn't mean it will go up and stay up.
dips are still making V bottoms and not W bottoms yet. also even if we...
On the heels of some fantastic pics for 2013 (GLW,PWRD, DRYS to name a few) the WDB options model is suggesting we take a close look at some names that are either not in the market spotlight at the moment or outright disliked. PBR is on that list and after further investigation the much maligned company appears to be an interesting idea. The model's basic premise...
I wish I could go into more detail, but cannot for the sake of conciseness.
PBR is extremely undervalued. Revenues and FCF have grown significantly since the beginning of operations for the company, yet it is trading as if it's moving into bankruptcy. If they begin to pay down corporate debt, shareholder value will be unlocked.
Market concerns: Brazil has 5-6%...
A giant triangle being formed since 2009 at $PBR monthly chart.
Waiting for a possible upside breakout at the end of the pattern.
2014 is going to be fun.
PBR is looking to break above 14.82. Looking to enter around the 38% retracement(14.30) of the last 3 day's move. Target is the 23% retracement($16.86)
