Company Description:
SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo.
Analysis:
1. Candles near strong support.
2. RSI Oversold.
3. MACD on its down side. Flashing black and may be losing its recent downtrend momentum.
4.Previous High isn't broken. However, I do see that...
Using vix fix market bottom indicator coupled with the rsi by volumetric approach indicator, then added a fibonacci sequence with a pitchfork all in one automated chart setup... going to attempt to predict the market bottom and retest of 7.5- 8 dollar range.
TECHNICAL ANALYSIS
RSI-14 is almost going under 30-level boundary (change in trend is expected once this happens, what means going from downward to upward trend)
In the last week, sell volume has increased, specially on February 18 and 19.
Key support at 5.55-5.65
Besides, SBS is closing a triangle which could foster some volatility in its...
Companhia De Saneamento Basico Do Estado De Sao Paulo is a Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world and the state of Sao Paulo is the majority shareholder of the company.
Waste management companies have certain revenues and could be considered as defensive. In the case of SBS, we have the...
$SBS earnings reaction was a Negative over reaction with the PEAD projecting a neutral outlook for the stock placing it in Drift C
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We observed that after a long run down the market have found some power to stop the fall.
The market now moves in a range. We observed that the tops are lowering while the bottoms are increasing and doing...
***Risky Trade***
Believe there will be a pullback to the 200 EMA.
Oversold on RSI +divergences on Force Index and RSI indicators.
Trade at your own risk.
Best of luck to all
This past week I have become interested in Utilities, more specifically, Water stocks. If you’re asking why or how would you invest in water then keep reading. If you’re wondering why would you invest in water, then let me explain. There is an increasing demand for water for various purposes such as personal, commercial and industrial use. Water is used to...
SBS
Key levels: 7.26, 8.09, 9.90
Bullish above: 8.09
Bearish below: 7.26
With much healthier movement we are late to the party for SBS. We don't enter below resistance and with this small channel playing out right now entry will either occur after a pullback close to 7.26 or the reclaim of 8.09 resistance and use of it as support to push towards 9.90.
