$JBSAY Key levels, Analysis & TargetsJBSAY Key levels, Analysis & Targets
Price to down " Wave A "
,Time frame Month born " Bearish Divergence " in MACD & RSI Indicator
JBSAY/N trade ideas
LONG JBSAYExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
JBS SA trend set to continue higher. Long trade setup COMPANY PROFILE
JBS SA engages in the processing of beef, pork, lamb, chicken, and also produces value added and convenience food products. It operates through the following business segments: Beef, Poultry, Lamb and Pork. The company was founded by José Batista Sobrinho in 1953 and is headquartered in São Paulo, Brazil.
JBS Seeing a cup with the handle, broken medium term resistance to the upside. New government in Brazil. positives..
Long term low around $4-- first heavy resistance $6.40. Dollar still a danger but then if you buy on the American exchange maybe negligible.
