Monday, March 11, 2013

Week 11

Hello there!

What a nice development of Ibovespa since last post huh? That's a 3.88% rose with todays close at 58,800 points.

The biggest responsible for this movement was OGXP3 - $OGXPY that have noticed a deal with BTG Pactual (one of the gratest in Brazil). The news made this stock gap up and down on the following days.

This can be the bottom but I wouldn't pick trades in this stock at this moment.

My last call was MDIA3. Look at the chart below

I think that before making new all time highs this stock can pull back a little and then take off. Keep on watchlist.

Looks like bulls are taking the charge of our market, let's see.

That's all for today! Have a nice trade!

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