Monday, March 18, 2013

Week 12

Hello there!

Ibovespa is kind of consolidanting values here around these 57,000 points which is what I was expecting of market before an uptrend. Some news about Vale (VALE5 - $VALE), saying that the companie belives in a rising price on the iron ore from now on, could benefit the market as well.

However if market loses the first support in 56,000 points it may confirm a major downtrend and things could get ugly.

Last week I called M. Dias Branco (MDIA3) when the stock was at 81.20. Today it closed 83.71.

Other stock that I'm watching is Magnesita (MAGG3 - $MFRSY)

Today the stock rose 2.55% closing at the high of the day with great volume. Also, MACD Line is very low. This one is looking pretty good for me and ready to take off.

Hope you like it!

Have a nice trade!

No comments:

Post a Comment