XPCA has been in a strong downtrend for some time, reaching its current levels of R$ 5.81 on 11/21/2024.
The monthly chart shows a loss of selling strength, causing the asset to take a break from its decline, POSSIBLY BREATHING towards the region of 38.20% Fibonacci retracement before resuming its downward movement.
It could reach historical lows of R$ 5.45 (DEC-2021), and if it retreats further, it might reach the paper's minimum value at R$ 4.70 (NOV-2021).
This is not a recommendation, just an analysis for educational purposes.
The monthly chart shows a loss of selling strength, causing the asset to take a break from its decline, POSSIBLY BREATHING towards the region of 38.20% Fibonacci retracement before resuming its downward movement.
It could reach historical lows of R$ 5.45 (DEC-2021), and if it retreats further, it might reach the paper's minimum value at R$ 4.70 (NOV-2021).
This is not a recommendation, just an analysis for educational purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.