(PBR) Proactive Strategies

November 20, 2024, 02:42 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for PBR

• Buy PBR near 13.06 target 14.24 stop loss @ 13.02 Details

The technical summary data tells us to buy PBR near 13.06 with an upside target of 14.24. This data also tells us to set a stop loss @ 13.02 to protect against excessive loss in case the stock begins to move against the trade. 13.06 is the first level of support below 14.21 , and by rule, any test of support is a buy signal. In this case, support 13.06 would be being tested, so a buy signal would exist.

• Short PBR slightly under 14.24, target 13.06, stop loss @ 14.28 Details

The technical summary data is suggesting a short of PBR as it gets near 14.24 with a downside target of 13.06. We should have a stop loss in place at 14.28though. 14.24 is the first level of resistance above 14.21, and by rule, any test of resistance is a short signal. In this case, if resistance 14.24 is being tested, so a short signal would exist.

Swing Trading Plans for PBR

• Buy PBR slightly over 14.24, target 14.49, Stop Loss @ 14.2 Details

If 14.24 begins to break higher, the technical summary data tells us to buy PBR just slightly over 14.24, with an upside target of 14.49. The data also tells us to set a stop loss @ 14.2 in case the stock turns against the trade. 14.24 is the first level of resistance above 14.21, and by rule, any break above resistance is a buy signal. In this case, 14.24, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PBR slightly near 14.24, target 13.06, Stop Loss @ 14.28. Details

The technical summary data is suggesting a short of PBR if it tests 14.24 with a downside target of 13.06. We should have a stop loss in place at 14.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.24, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for PBR

• Buy PBR slightly over 14.57, target 15.45, Stop Loss @ 14.54 Details

If 14.57 begins to break higher, the technical summary data tells us to buy PBR just slightly over 14.57, with an upside target of 15.45. The data also tells us to set a stop loss @ 14.54 in case the stock turns against the trade. 14.57 is the first level of resistance above 14.21, and by rule, any break above resistance is a buy signal. In this case, 14.57, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short PBR slightly near 14.57, target 13.06, Stop Loss @ 14.6. Details

The technical summary data is suggesting a short of PBR if it tests 14.57 with a downside target of 13.06. We should have a stop loss in place at 14.6 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.57, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Petroleo Brasileiro S.a.- Petrobras (PBR) available here: PBR.

PBR Ratings for November 20:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	13.06
P2	14.33	14.19	14.24
P3	14.57	14.49	15.45

AI Generated Signals for PBR

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Don't over think it!  Trading Petroleo Brasileiro S.a.- Petrobras (NYSE: PBR) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for PBR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if PBR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for PBR too.  All of these are offered below the Summary Table.