SUZB5: Time to shot!Last monday I published an idea about some perpectives to long SUZB5; Unfortunatelly, it couldn't came true, as the stock closed under the expected price...
Now, opportunity has come! After weeks of bearish trend, SUZB5 reachs again a support line (blue), proving it at 9.60.
My bet is a fast trade; Buy $ 9.61, Stop $9.35, Take profit 9.89.
More details about this stock in the previous idea!
USDBRL
SUZB5: Eyes open for next week new'sThe context:
* A large percentage of company's sales is done in USD (exportations), so high USDBRL -1.21% is good for the company.
* The BEK prices (Bleached Eucalyptus Kraft) suffered a donw trend in the last months, affecting all the players of the sector (See ETF 0.00%% WOOD), but there is a moviment of price growning in course.
* The company's 2Q/20216 results were considered "over analists expectations", with an important Private Equity bank targeting R$ 20 p/s in the next 12 months.
So, when we take this context with the market data it's possible to see bullish trend forming soon; Special attention must be given to RSI hiting 20% and the divergence between WOOD and SUZB5 -3.31% since 14/Jul.
Now, the only factor that may be blocking an bullish trend in this stock is the USDBRL -1.21% , wich reached an accumulation point this week.
My bet: If in the next monday (01/Aug) the price stock forms an nice candle, crossing R$10.3, it's time to buy; Target R$10.80, but it may change with the next market new's ( USDBRL -1.21% ).
Comments are welcome!
(@Anacarsis thank you for the help)
dollar real brazil olympics scenariosame as the other prevision, but in a fastest timeframe with chaotic olympics 'usain bolt' hypothesis
Nice Opportunity on BRLFX_IDC:USDBRL Initiating Jully with a nice op. to purchase until R$3,35.
Stay tuned.
Trade wisely.
Brazilian Real: Staying short (Target Defined) Good probability we see cont´d weakness in the real into the 3.20´s.
Brazilian Bovespa Index: Long Term Fairly high probability we see the Bovespa index trade to the downside. This is a great trade because it presents us with multiple opportunities if the stop gets triggered (with a close on the weekly time frame).
Pay Attention to the correlation between USDBRL and Bovespa Index - extremely important as Brazil´s equity market has proven to be extremely sensitive to its currency (for now). Notice Brazil trades lower when BRL weakens ' quite the opposite with other markets, such as the Nikkei and the Yen.
If we see the 3.20´s get hit while the reaching resistance in the Bovespa it should indicate a great entry. (Though this is usually unlikely to occur at the same time.)
BRL update 3rd wave formingFX_IDC:USDBRL Targeting 3.63? Can be more!
It seems we have a bullish period now, in this third wave of this trend is a realistic projection but I'm optimistic to expect a 3rd larger than is projected.
Sugar going sidewaysSideway action as the trend slope of the trend has become steeper.
Not saying the uptrend is over, but stalling, especially since RSI and Stochastik start to indicate some divergence.
Short call spreads seems to be good risk/reward IMHO.
Wouldn't be buying puts as the premium will deteriorate as long as the market doesn't sell off.
USDBRLNeutral as we are in a congestion zone and after reaching first downside target.
Further consolidation expected, because:
- Brazil in limbo about which direction the country will be heading
- Low commodity prices still pressure revenue for the country
USDBRL - Support served as pivot and may throw price to R$ 4.10There is a minor resistance (blue traced thin line) that needs to be broken.
Happy trading!
USDBRL - Consolidação do Real.È esperado correcção no diàrio com testes nos suportes apresentados no gràphico.
Óptima negociação!
English: It is expected correction on daily with testing of the presented supports
Happy trading!
Short USDBRLBased on the likely incoming crude bounce, this looks like a attractive setup. Medium-term outlook still bullish for USDBRL.
Break UPWith the break of 4070, it has target on 4140. By now only the congestion and the tentative of down rupture on Jan 13 is a good reason to watch the next moves. A retracement on the 50% of the channel and a good bullish bar would be a nice entry. Cya
