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SBS

COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO - SABESPCompany Description: SABESP provides public water and sewage services to residential, commercial, industrial and governmental customers in the City of Sao Paulo. Analysis: 1. Candles near strong support. 2. RSI Oversold. 3. MACD on its down side. Flashing black and may be losing its recent downtrend momentum. 4.Previous High isn't broken. However, I do see that price could be in its accumulation stage near support. 5. I see a W pattern forming. 6. Future 50/200EMA cross near future? 7. 4 Orange Solid Bricks. Momentum upside? Looking for a price target of $11! Not Financial Advice. Always Do Research Before Decision!
NYSE:SBSLong
by Redimere_91
Buy $SBS - NRPicks Feb 14Companhia De Saneamento Basico Do Estado De Sao Paulo is a Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world and the state of Sao Paulo is the majority shareholder of the company. Waste management companies have certain revenues and could be considered as defensive. In the case of SBS, we have the advantage of low debt and positive net income. The company's revenues have declined due to the pandemic; however, in the long term it should show a recovery. Fundamentals: - Value - 37.1% estimated net earnings growth over the next 3 years. - ROE 13.8% vs. 7.7% for industry - P/B 1.3x VS 2.9x industry. Technicals: - Price level below SMA 250-200-150 - Williams R% at -41% levels - RSI (49) Neutral - +3.8% average upside during the month The stock price has pulled back to a key $7.29 level without clear fundamentals. At this point, the stock is showing a reversal and change of trend. Finally, the SMA indicator is favorable.
NYSE:SBSLong
by NewroadTrader
DECISIONS FROM MIDDLE OF COMING WEEK - SBS - 240MN - MY IDEAThank you for your likes! Very Appreciated! Please Share also to help as many people as possible. Enjoy! _____________________________________________________ We observed that after a long run down the market have found some power to stop the fall. The market now moves in a range. We observed that the tops are lowering while the bottoms are increasing and doing their pullbacks on an increasing support line. Monotone movement up and down in this range will see its end during next week. Probability of seeing more explicit moves from the middle of the week. Maybe first signs will show up from Tuesday. Decision: -Line are broken and you follow the trend -Wait until market reaches back the resistance line to enter Short on a pullback down or Long on a significant break up. Question triggering the community: - Is it the right time to buy Brazilian Share? Leave your comments on what would be your answer?
NYSE:SBSLong
by Diallo_Charts_Ideas