Weekly time frame shows breakout and pullback into range
daily timeframe show breakout of downtrend line and price consolidating in symmetrical triangle on lower volume showing no strong selling
establishing position on monday for breakout and using 3ATR as stop loss
monthly timeframe showing stage 2 mark up
Companhia de Saneamento is up over the last week, after rallying aggressively off strong support in the $8.25 region. There is minor resistance between $10 and $10.60 (50% Fibonacci retracement), although primary resistance is not until $11.25 to $11.50 which marks the stop of a multi-month range.
Any pulls backs should find support above $8.75 (old downward...
