Sell PetroBras around double top
Updated
Based on RSI55 div on a daily chart and bearish structure look forward for consolidation around 10.20/share and further reversal.
Time horizon: 1-2 quarters.
Initial target and stop as it drawn on the chart.
Time horizon: 1-2 quarters.
Initial target and stop as it drawn on the chart.
Trade active
Yes, now is the time to short this wild Brazilian card. $10.44 in momentum
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