GAFISA and Brazil's Future
Updated
As we inch in closer to the Olympics I've dug out one of the biggest property developers in Brazil to see where it could head.
Bull case
Broken out of long term bear trend line (red) and shorter term (black)
Put in a higher high this year
Bull case
Broken out of long term bear trend line (red) and shorter term (black)
Put in a higher high this year
Trade active
Long at 1.17, SL 1.07, TP1 1.67, TP2 2.07, TP3 3.03Trade closed: stop reached
SL hit at 1.07Note
Long order set to buy 1.05Trade active
Long at 1.05. Took some profit at 1.20 but holding majorityNote
Solid bump up as IBOV motors on.Note
Added to long at 1.20
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