pool adsUsing the Action in Petroleo Brasileiro Sa #PBR to our Advantage
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Petroleo Brasileiro Sa (NYSE: PBR) data table below can help you with price action, and we have more details too. Trading plans for PBR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 7.99 |
| P2 | 9.50 | 8.86 | 9.55 |
| P3 | 0 | 9.31 | 11.14 |
Support and Resistance Plot Chart for PBR
Longer Term Trading Plans for PBR
May 11, 2021, 5:45 pm ET
Our Longer Term Plans for PBR help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this PBR Report.
PBR - (Long) Support Plan
The technical summary data tells us to buy PBR near 7.99 with an upside target of 9.55. This data also tells us to set a stop loss @ 7.97 to protect against excessive loss in case the stock begins to move against the trade. 7.99 is the first level of support below 9.35 , and by rule, any test of support is a buy signal. In this case, support 7.99 would be being tested, so a buy signal would exist.
PBR - (Short) Resistance Plan
The technical summary data is suggesting a short of PBR as it gets near 9.55 with a downside target of 7.99. We should have a stop loss in place at 9.58though. 9.55 is the first level of resistance above 9.35, and by rule, any test of resistance is a short signal. In this case, if resistance 9.55 is being tested, so a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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