Hello there! Happy new year!
Ibovespa traded up very well last month, making december one of the best months in 2012 with gains of 6.04%.
We've reached September highs but with more consistency this time. In that ocasion Ibovespa made almost the same gains but in only 7 trading days. Our movement is better now in my opinion.
Watching this movement I also believe that market could be trading on the negative side in a few days, wich could be very healthy, if we lose the supporting trend line. We see MACD Line heading lower in this moment but didn't crossed yet.
I also want to show how BBDC4 ($BBD) and ITUB4 ($ITUB) developed well after my post about them.
Bradesco - $BBD - BBDC4
Itaú Unibanco - $ITUB - ITUB4
Hope you like it! Nice trades in 2013!