The PEAD projected a Neutral outlook for $PBR.A after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
PBR attempting to break past trend resistance after a nice bounce off cluster support!
targeting 15.26-16.52-17.78, below 12.66 we see a lot more downside
Based on it's uptrend, rebound from support and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent of profits IF $PBR exceeds today's high of $13.39 during tomorrow's session.
This is a 5 bagger trade, without going into too much depth...
books strong, div yield; 18.52%, do your own dd but this thing will rocket with supply issues for oil, nat gas, and etcccc
The PEAD projected a Bullish outlook for $PBR.A after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 71.43%.
The PEAD projected a Bullish outlook for $PBR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
Petrobras (Petroleo Brasileiro) is the largest Brazilian oil and gas company. The company is in the top 20 largest oil and gas companies in the world by capitalization with a value of $69.9B. Petrobras also ranks 7th in terms of oil production, producing almost 2 million barrels per day (Saudi Aramco produces 10.9 million and ranks 1st).
➡️ On the daily chart,...
Everything is clear in the picture.
The downward channel that has been broken upwards and today's red candle can be considered as a pullback.
The Brazilian Stock Exchange index may drop about five percent after this and then move up, so it can put this share under a bit of pressure, but overall my opinion is bullish in the medium term. Oil prices have risen...
07.12.2021
NYSE:PBR
GFS 70,69
with the bullish flag formation, which the price exited already, there's a good chance of the price going higher if it brakes the $11.14 point.
Often a bullish flag suggests Wyckoff reaccumulation, which is evident here, with the price reaching the 'TEST' in the last phase last week. I'm keeping my eyes for longs this or next...
PBR has been stuck in consolidation for half a year now, and like I said many times before consolidation can last a few weeks or a few years.
with these plays its important to wait for a confirmation of a breakout past a certain resistance zone.
in PBR's case over 12.4 we can target 15.56 and 16.86! under 9.15 we can target 7.19 and 6.07. for now I am neutral...
Last time when I analyzed this stock, we seen a move to the downside, confirming a zigzag as one of the potential patterns in this particular case. A bit of time has passed since then and it seems that we have clearly begun on the first instances of that coveted Wave C. We are bullish in a generally, currently bearish stock.
We are not in the business of getting...
