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!