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Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Petrobras Uncovered: A Dividend Gem with Potential? Petrobras' ON N2 shares from Brazil are particularly interesting, notably due to their high dividend yield. As the largest oil producer in Brazil and one of the biggest in South America, this stock holds significant importance over the coming years. It has experienced a strong rise, with our Wave (2) starting at 2.2 Brazilian Reals. Since then, it has risen and completed Wave (3) at the 227.2% extension level. Now, we should be entering Wave (4) and ideally not fall below the level of 19 Brazilian Reals. For Wave (4), we expect a retracement level between 38,2% and 50%. Given that we're looking at the weekly chart, this represents a very long-term scenario. We'll definitely keep you updated and may provide short-term entry opportunities as they arise. In the coming months, we expect to develop Wave B and finally Wave C. After that, as previously mentioned, holding this stock long-term could be very beneficial due to the remarkably high and attractive dividend yield.
BMFBOVESPA:PETR3Long
by stromm
CYRE3 - 7 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BMFBOVESPA:CYRE3Long
by TheArtOfCharting
Deep Dive into Taurus Arms Financials: A Look at 2024 ProspectsPrice Performance and Trends: The asset has experienced various ups and downs over the years, with an all-time high considerably above the current price. The recent trend seems to indicate a price resistance level that the stock struggles to break above. It's crucial to look at whether the stock has had strong reversals from this resistance level historically and if there are patterns in its price movements around key technical levels. Valuation Ratios: The P/L (Price to Earnings) ratio is 7.59, which suggests that the stock may be reasonably valued compared to earnings, assuming that the industry average P/E is in line with this. The P/VP (Price to Book Value) ratio is 1.58, which can indicate that the market values the company higher than its book value. These ratios can give some idea of how the market is currently valuing the stock. Profitability Indicators: The ROE (Return on Equity) of 20.9% is quite strong, showing the company is generating good profits from its equity. Similarly, the ROIC (Return on Invested Capital) of 15.7% is also a strong point, indicating efficient use of capital. Debt Levels: The Dívida Líquida/Patrim (Net Debt to Equity) ratio is 0.33, and the Liquidez Corrente (Current Ratio) is 1.62. These indicators suggest that the company is not overly leveraged and maintains a solid short-term liquidity position. Dividend Yield: A dividend yield of 10.1% is quite attractive, suggesting that the company returns a significant amount of value to shareholders in the form of dividends. This could be appealing to income-focused investors. Growth and Revenue: The company has a growth in revenue of 23%, which is robust and indicates that the company is expanding its business effectively. When considering whether to purchase this asset in 2024, it is vital to evaluate not only these individual data points but also the broader context: Market Conditions: Consider the overall stock market conditions and economic outlook for 2024. A bullish market may support growth in stock prices, while a bearish market may lead to lower prices. Sector Performance: Since this company is in the Machinery and Equipment sector, focusing on Arms and Ammunition, it's essential to analyze the sector's performance and any regulatory or geopolitical factors that might affect it. Company Fundamentals: Beyond the metrics, the company's management quality, strategic position, competitive advantages, and future growth prospects should be considered. Risk Tolerance: Assess your own risk tolerance and investment goals. A company with high dividend yield and solid ROE might suit a more conservative investment strategy focused on income and stability. Technical Analysis: The chart shows some technical analysis indicators and buy/sell signals based on an EMA (Exponential Moving Average) crossover strategy. How these indicators align with your own technical analysis strategy (if you use one) could influence your decision. Disclaimer: "Please note this is not a buy recommendation, merely a financial analysis based on current data."
BMFBOVESPA:TASA4Long
by tdgatti
CMIN3 - 9 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BMFBOVESPA:CMIN3Long
by TheArtOfCharting