Tuesday, September 25, 2012

September 25th

Hello there,

Today our major index IBOVESPA closed the day on the downside (-2.27%) with almost all of the stocks negative.

Banks embittered the biggest losses assimilating the recent credit tax cut of Bradesco (BBDC4) $BBD. Because of this tax cut Bradesco will reduce its revenue. Other banks will probably follow theses steps - as Banco do Brasil (BBAS3) $BDORY have already done that - and that's why stocks of this sector were the great losers of the day.

Anyway I'm not worried because we're working on an uptrend. Let's wait and see if market respects the lower band of the channel. This also can be good to spot new opportunities to buy.

Any questions or suggestions you can email me at: lucasmussi@gmail.com

Hope you like it!

Monday, September 17, 2012

Pulp and Paper Sector

Hello there.

Today's post is about Pulp and Paper sector. The three biggest companies here in Brazil are: Suzano Papel (SUZB5), Fibria (FIBR3) and Klabin (KLBN4).


This stock is making a great move since R$4.35 after dropped from R$8.70 in March highs. Next resistance is at R$6.20. Note that MACD was showing a move up before price.


A 50% move since its June lows. Stock is trending up and may continue this movement. MACD showing the same thing. Recovering pretty well.


Fundamentals speaking here. Only one of these three stocks that is being profitable on its balance sheets. Reaching all time highs.

Hope you like it!

Thursday, September 13, 2012

QE3 Day

After Ben Bernanke today's speech IBOVESPA (Brazillian Index) rallied more than 2,000 points closing in a really strong day with a bull market feeling.

Almost all of the stocks have closed positive and probably will do the same tomorrow.

As my first intention I'm posting one stock per day:


6,40 seems to be the an important resistance. If this stock breaks out we can go to 7,00 and after that the stock is free to go.

Have a nice trade!

Tuesday, September 11, 2012

Mining Stocks

Hello there,

Today's post is about MMXM3 (Eike's mining company).

Here is a VALE5 (Vale do Rio Doce) chart that show us strong reaction move on government measures to help this sector. VALE5 is one of the major companies in Brazil and it's results affect directly in our GDP.

After a strong day VALE5 gapped up. If this stock keep running up could be a good idea to look after mining stocks because of its weight in this sector. The one who catched up my attention is MMXM3.

MACD is showing a move up but its price is still lagging. Maybe a long position with stop under its support.

Have a nice trade!

Monday, September 10, 2012

First Post

Hello everyone, this is the blog's first post.

First of all I would like to explain the main reason of this blog. All I want to do here is to post trading ideas and charst of brazilian stocks with my point of view.

Second thing. Please be advised that I share only what I think and you MUST NOT FOLLOW BLINDLY what is posted here.

With all that said let's get started.

In my first post I would like to show one of my favorite setups: MACD divergence

Note that before price start reverting, the MACD indicator is already making higher highs and higher lows. It is a good way to try to spot a trend reversal.

Hope you like it!