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Ronaldo D. Bianchi is a consultant and private investor. He lives in the French Alps and he uses technical analysis for forecasting the direction of prices. He began his interest to the stock market in 2006. Mr. Bianchi is a graduate of IST University in Civil Engeneering. He is currently... More
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  • A Good Entry Point In PBR 0 comments
    Nov 18, 2012 1:51 PM | about stocks: PBR

    For those who would like to build a position in PBR (Petrobras), the stock has a interesting level to start to buy some shares. The price dropped 8 days in a row and is near the inverted H&S bottom we saw in July. The Friday's tail is the first sign that the bulls are "maybe" ready to win the battle for the next few days.

    (click to enlarge)I entered a position near the Friday's close with a stop below the low.

    Take care.

    Disclosure: I am long PBR.

    Stocks: PBR
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