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%...
