Weak earnings within a bigger downtrend
The stock bounced from a strong level but still made a nice engulfing candle on a daily
Weak fundamentals
MACD is heading down, so does RSI. The stock is under all MAs (20,50,200)
Looking for some signals of weakness on Monday to take a short position
Part two on the 1hr timeframe and zoomed in for detail.
*** Very high chance this is an almost perfect Bullish Crab Harmonic
Note:
*Oversold on RSI and Stochastic on 1hr
*Previous note of descending wedge
*Previous note of touching weekly demand back to 2019
*Conservative targets noted on chart based only on the Crab
*Possible longer swing
Ain't got now Brazil in my portfolio. Maybe now is the time.
This is a two-part post. 1st one on 4hr timeframe and zoomed out.
Notes:
* Just came back to touch the 2018-2019 trading range.
* Trading below March COVID low.
* Strong wedge down into weekly demand zone from 03/2019.
* Just touched the IPO high of 25.59.
* 57% off from May 2020 highs.
* Earnings...
Fundamental analysis:
This learning platform has high potential for the future. The corona crisis has left considerable traces in daily education, which will continue till after the summer. Learning platforms like ARCO PLATFORM will benefit to the maximum.
Technical analysis:
1. Trend breakout (see picture)
2. A solid foundation for a potential break-ut
3. This...
This is a signal that ARCE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 21 similar cases where ARCE's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 90%.This is a signal that ARCE's price...
This is a signal that ARCE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron A.I.dvisor looked back and found 21 similar cases where ARCE's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 90%. Current price $41.55 crossed the...
