PETRD trade ideas
Jake Bernstein Moving Average Channel and Williams A/D I have modified two scripts to show the Jake Bernstein Moving Average Channel (MAC) along with the Williams A/D on the same chart. PBR is turning bearish. The Williams A/D is below moving below its 57 day SMA with two bars completely below the channel. The 3 day SMA of the lows is used as the trailing stop.
$PBR Not Just a Tasty Beer But Also A Tasty Stock!$PBR had a nice bull flag that resolved the pattern. Now that it shot up to our trend line target, it is consolidating. Will we see another bullish pattern form here? I think we might partially due to macro factors in regards to Oil and a steady rotation into devolving markets.
PBR: Breakout Confirmed, 23.01% Potential Profit!Description: PBR is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $9.7 - $10.1
2. Take profit: $12.08
3. Stop Loss: $9.38
4. Risk To Reward: 1 / 6
5. Accuracy Rating: 93%
Petrobas on the watchlistPBR may move upwards, after very bad news the stock moved downwards contrary to the segments.
It is most likley after deeper concernes will discussed away in the news, it will have a good upwards move possible till 11$ or more.
On Watchlist, for maybe a position this or next week.