tag:blogger.com,1999:blog-17309359721382784852024-03-05T02:33:16.028-08:00Brazilian Stock ChartsLucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-1730935972138278485.post-74001707927275299472013-04-01T21:30:00.001-07:002013-04-01T21:30:46.744-07:00Week 14Hello there,<br />
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Market is kind of recovering in my view and the divergence in MACD is making me confident.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGJ4HaeLCXwnPH_WcBPKQ16JLKMnXbJPjeZchTartHav8OB9wNW3WqMYS8kWw_8ddyjPWReII_Wd3UyhevbcKm9cZIqsGHkIw2qWt37O4uJsA4fkKsQV5WYJCgjBfh37_9xF5-S6ss4H8/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGJ4HaeLCXwnPH_WcBPKQ16JLKMnXbJPjeZchTartHav8OB9wNW3WqMYS8kWw_8ddyjPWReII_Wd3UyhevbcKm9cZIqsGHkIw2qWt37O4uJsA4fkKsQV5WYJCgjBfh37_9xF5-S6ss4H8/s320/indj13.png" width="320" /></a></div>
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Let's wait for the end of the week and see how market develops.<br />
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VALE5 - $VALE is consolidating with divergence in MACD too.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7kdk-AShBdZGMA1USOPE_ctv0O3ocilUeUSKWl5wSBO118k-k_MtDXD7IA8UFV-PG-ZKgOyQZwrwTVweP-kd2OskSX1zv1kjjGBqOhqJipNxv9TZq_ZDK062nYn_K2H0PvaJ9-lPqrLE/s1600/vale5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7kdk-AShBdZGMA1USOPE_ctv0O3ocilUeUSKWl5wSBO118k-k_MtDXD7IA8UFV-PG-ZKgOyQZwrwTVweP-kd2OskSX1zv1kjjGBqOhqJipNxv9TZq_ZDK062nYn_K2H0PvaJ9-lPqrLE/s320/vale5.png" width="320" /></a></div>
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If this stock goes up Ibovespa could follow the move.<br />
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Only a few thoughts but I think that's it.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-1909955011018542472013-03-25T20:21:00.001-07:002013-03-25T20:21:23.279-07:00Week 13Hello there,<br />
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Well, if it wasn't now it is. Market is pretty ugly right now and all my expectations didn't ocurred.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj37shX7nQxmSVESGnnW_nLg-jSbsMCgTFTVa7oWkoRpNDVl5_cAsMV_Tnq8UiVePNXmUUMRkYDencMy92dF3Ni7gLp_VM25CMj_MjZXbvrNnU1Hq94YuLFms08M3_LnXX16devLaDkGlo/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj37shX7nQxmSVESGnnW_nLg-jSbsMCgTFTVa7oWkoRpNDVl5_cAsMV_Tnq8UiVePNXmUUMRkYDencMy92dF3Ni7gLp_VM25CMj_MjZXbvrNnU1Hq94YuLFms08M3_LnXX16devLaDkGlo/s320/indj13.png" width="320" /></a></div>
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The firs support I drew at 56,000 has been lost and now we're aiming 54,400. But if you draw a Fibo in this chart market could be aiming even lower like 53,000 points.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg50oH13RYYKjqdRLtm2OBCDGmjQ5eeIslXfBFtqcjVLGtfQqGwKOELikCFaIkZ99nwaTLCwgX_gXAm0aCHEid-vntKVawBF8onmdekHD2RM7EOsPb6gbB_6VLZdxC-JpKI9Qc8XqR998Y/s1600/indj13(1).png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg50oH13RYYKjqdRLtm2OBCDGmjQ5eeIslXfBFtqcjVLGtfQqGwKOELikCFaIkZ99nwaTLCwgX_gXAm0aCHEid-vntKVawBF8onmdekHD2RM7EOsPb6gbB_6VLZdxC-JpKI9Qc8XqR998Y/s320/indj13(1).png" width="320" /></a></div>
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MACD Line is crossed down and news around Cyprus and Europe aren't positive even though I think that if market is affraid of Cyprus economy we all can go back to caves and forget about a globalized economy.<br />
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Even with all of these bearish analysis I feel that we're oversold here, so I'm watching Vale (VALE5 - $VALE) carefully.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib4N9DHkzSdSusKemuKTkEi8cJUs1MC-u1xB5bZSCqj0QxFfu0SgfeH8XwDETQL5nP-HL99SOwctWOn4Wm4hN1JlcVafMWkJhgK6Vst7lfHumyK-gDvC7P-Cg0YlBsEmD7txDjqBsii6g/s1600/vale5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEib4N9DHkzSdSusKemuKTkEi8cJUs1MC-u1xB5bZSCqj0QxFfu0SgfeH8XwDETQL5nP-HL99SOwctWOn4Wm4hN1JlcVafMWkJhgK6Vst7lfHumyK-gDvC7P-Cg0YlBsEmD7txDjqBsii6g/s320/vale5.png" width="320" /></a></div>
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MAGG3 that I posted last week droped badly but if we had gone long, stop was just below the low of the day so wouldn't hurt much capital.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgen21qqmsZ7lsK7b33tWWlYmUg6gPGuS2hMp7MDs7VObl5VVsaF6wKRJb3VifYOTRxxTfMET5V6f9COlKhl8s49OOHbBsZibWmk4i73Z6PZB-P-0h7AxsTZDFa99M4g4lEyvk0-EYfBuM/s1600/magg3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgen21qqmsZ7lsK7b33tWWlYmUg6gPGuS2hMp7MDs7VObl5VVsaF6wKRJb3VifYOTRxxTfMET5V6f9COlKhl8s49OOHbBsZibWmk4i73Z6PZB-P-0h7AxsTZDFa99M4g4lEyvk0-EYfBuM/s320/magg3.png" width="320" /></a></div>
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Let's wait and see what market brings to us until next week.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-60399298432406900042013-03-18T19:27:00.001-07:002013-03-25T20:21:54.239-07:00Week 12Hello there!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRnespDJNpLuw6ueHg5G1YgGA9o0MruDMDCRGLhe85r9A_3w5cYLLuEVaWv6NTtehD2EuaPqqLOencgyROnWxQQzUlCUMwacsgR-wx6PwCvQAXs40AS8rwhKVmG0ATsdYDDTpK2FMB7mM/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRnespDJNpLuw6ueHg5G1YgGA9o0MruDMDCRGLhe85r9A_3w5cYLLuEVaWv6NTtehD2EuaPqqLOencgyROnWxQQzUlCUMwacsgR-wx6PwCvQAXs40AS8rwhKVmG0ATsdYDDTpK2FMB7mM/s320/indj13.png" width="320" /></a></div>
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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.<br />
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However if market loses the first support in 56,000 points it may confirm a major downtrend and things could get ugly.<br />
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Last week I called M. Dias Branco (MDIA3) when the stock was at 81.20. Today it closed 83.71.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgml3DLcsCGtYxfbTwXxpzbbFHpr4fvuqY2YTnsiAzGWzb_9BJEmZH8HiuQ3YT5X9nTANDH-o-8aSb5bekaUBf2uz55ijlusF6sgmexH2A78byMY_kA7dcl27uxzSnBIDGkbXKqDQgEeNM/s1600/mdia3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgml3DLcsCGtYxfbTwXxpzbbFHpr4fvuqY2YTnsiAzGWzb_9BJEmZH8HiuQ3YT5X9nTANDH-o-8aSb5bekaUBf2uz55ijlusF6sgmexH2A78byMY_kA7dcl27uxzSnBIDGkbXKqDQgEeNM/s320/mdia3.png" width="320" /></a></div>
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Other stock that I'm watching is Magnesita (MAGG3 - $MFRSY)<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqljHFgG3U7-tABAAm4ipZ_IOS-kdiTu-AeFzlF3LBq8jraeyJ9GDxJZuLSPl3Ds4n3U9DcehHfIF1fKEL9SN2aSmxxYTj2d5uO887hyphenhyphenm7zLP4XzSn4_JaCpCB7nps5WsfYSmLV_iK5Hc/s1600/magg3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqljHFgG3U7-tABAAm4ipZ_IOS-kdiTu-AeFzlF3LBq8jraeyJ9GDxJZuLSPl3Ds4n3U9DcehHfIF1fKEL9SN2aSmxxYTj2d5uO887hyphenhyphenm7zLP4XzSn4_JaCpCB7nps5WsfYSmLV_iK5Hc/s320/magg3.png" width="320" /></a></div>
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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.<br />
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Hope you like it!<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-1378705929736116672013-03-11T21:17:00.003-07:002013-03-11T21:17:57.601-07:00Week 11Hello there!<br />
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What a nice development of Ibovespa since last post huh? That's a 3.88% rose with todays close at 58,800 points.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVC_8dx1Uv_oIJkUWGiwG_s0EDz0PFYNso1BF6Y4WIEIqFwn-KCswg-n0V5tFQfJVKQbfQ1FCPAQpIg5aD_xMyvfMPS3qoz0xFM-pwJMBTPL1HL6i4f3Hj1dfcLKm7A9g3TVshMH99vm0/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVC_8dx1Uv_oIJkUWGiwG_s0EDz0PFYNso1BF6Y4WIEIqFwn-KCswg-n0V5tFQfJVKQbfQ1FCPAQpIg5aD_xMyvfMPS3qoz0xFM-pwJMBTPL1HL6i4f3Hj1dfcLKm7A9g3TVshMH99vm0/s320/indj13.png" width="320" /></a></div>
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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.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHhZvUGIoV5h75LPLO7iRl2SgPRYiWcYNH-__0DC3vzhUdEysBxVFGat39gJpFHo6clhS2pgMMBr3m6j5xxpeaKTAxHlpjSViWY3_8s_FSpYQ3Nz1MvNUJUn1Ri1Aiaxa9UcgsUjuYXGg/s1600/ogxp3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHhZvUGIoV5h75LPLO7iRl2SgPRYiWcYNH-__0DC3vzhUdEysBxVFGat39gJpFHo6clhS2pgMMBr3m6j5xxpeaKTAxHlpjSViWY3_8s_FSpYQ3Nz1MvNUJUn1Ri1Aiaxa9UcgsUjuYXGg/s320/ogxp3.png" width="320" /></a></div>
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This can be the bottom but I wouldn't pick trades in this stock at this moment.<br />
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My last call was MDIA3. Look at the chart below<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEyvluF73L9PZDNdIA5qdZT_A4-dBW3nmBuP6vchiLDKEmNx7G66dtFI9rCGAJlU01esT5WbadmhD8fIenmwBbK8ww8kf2m8u-ed6dZCoEQlPHzzRUFs6Rvb8kHue5onvLEraJXXHFOEw/s1600/mdia3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEyvluF73L9PZDNdIA5qdZT_A4-dBW3nmBuP6vchiLDKEmNx7G66dtFI9rCGAJlU01esT5WbadmhD8fIenmwBbK8ww8kf2m8u-ed6dZCoEQlPHzzRUFs6Rvb8kHue5onvLEraJXXHFOEw/s320/mdia3.png" width="320" /></a></div>
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I think that before making new all time highs this stock can pull back a little and then take off. Keep on watchlist.<br />
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Looks like bulls are taking the charge of our market, let's see.<br />
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That's all for today! Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-3981122707278191652013-03-04T18:09:00.004-08:002013-03-11T21:18:28.115-07:00Week 10Hello there!<br />
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Market developed a little last week though we still remain at a bottom. We must keep an eye at 56,000 level at the Ibovespa future which could lead us to 54,500 in case we lose it. Other way I think we could consolidate here before starting an uptrend. Here goes the chart:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIurtVAnEzJK8_Qb5Bcrr0EzkLxVPrQ8NvFQqtX54-7YEjHXAthd81KYoQ5li9EIvRViZ6rB-xAblBN-yMSOwXA8LZFQ800lBvmGya3CHFzaohYjEGoxZfpLZi924H8FaGe0s5nNsXgzQ/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIurtVAnEzJK8_Qb5Bcrr0EzkLxVPrQ8NvFQqtX54-7YEjHXAthd81KYoQ5li9EIvRViZ6rB-xAblBN-yMSOwXA8LZFQ800lBvmGya3CHFzaohYjEGoxZfpLZi924H8FaGe0s5nNsXgzQ/s320/indj13.png" width="320" /></a></div>
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What I'm watching:<br />
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-MDIA3<br />
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Stock is holding upon the ascending trendline and forming an 1-2-3 low with MACD Line very low.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWliF9U4DyD88uRq4gRzEvEnDupyZYq5J4tcS4eKZOyQCO0BPqgaRZhCZcZlzb_Zk1Bds_j13jif8wSrdXkaQIH_XKcCJMrQT6P7Z-Y_agif1HJas1mX70atprMfTNdTUG9vZ220EMzZI/s1600/mdia3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWliF9U4DyD88uRq4gRzEvEnDupyZYq5J4tcS4eKZOyQCO0BPqgaRZhCZcZlzb_Zk1Bds_j13jif8wSrdXkaQIH_XKcCJMrQT6P7Z-Y_agif1HJas1mX70atprMfTNdTUG9vZ220EMzZI/s320/mdia3.png" width="320" /></a></div>
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-14202510882574967552013-02-25T20:18:00.003-08:002013-02-25T20:18:45.179-08:00Week 9Hello there!<br />
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Not much to say about this bleeding market. While S&P500 was making higher highs Ibovespa was making lower lows. Most responsible stocks are PETR4 - $PBR, VALE5 - $VALE and OGXP3 - $OGXPY<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8A2BG9LbMWmGtTRsixQfOfpTD003cEB3avA-CKna93pAVfHX4ECDXjf2PEW-PlhzvVBGIlxV-1MgRfxtf-Eobl61QpziMohHbaUevJMSC4h5F854Bgb92l89GuE4TzcRc7eRhGw7O3WE/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8A2BG9LbMWmGtTRsixQfOfpTD003cEB3avA-CKna93pAVfHX4ECDXjf2PEW-PlhzvVBGIlxV-1MgRfxtf-Eobl61QpziMohHbaUevJMSC4h5F854Bgb92l89GuE4TzcRc7eRhGw7O3WE/s320/indj13.png" width="320" /></a></div>
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Let's wait for a few days to see if it develops a double bottom here. Took the trade that I posted last week in PETR4 - $PBR but got stopped out.<br />
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Nothing at my radar right now though I think we are oversold here, just waiting for market to set up again.<br />
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PETR4 - $PBR and VALE5 - $VALE could be a good call because of its correlation with Ibovespa in case market rise from the ashes<br />
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Have a nice trade folks!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-80338969204771972172013-02-18T19:44:00.001-08:002013-02-25T20:18:59.126-08:00Week 8Hello there!<br />
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Ibovespa didn't respected the fibonacci I drew in the chart and market is melting since first days of the year.<br />
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The future symbol has changed as I said in last post. It is now INDJ13 until April 17th.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuOW_5XocIejVemie0MQIgNCnCYfIrlAE7xvwTInY7VK4ip6cyGMMUoXJfqT8gwM8PRVsuGyKLRSOUnMVZ5O74pyuzLDIB7OviqAFV6qF6ynYOkd7_VRQ12r56RncBUqb88Xy1tg6AKdU/s1600/indj13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuOW_5XocIejVemie0MQIgNCnCYfIrlAE7xvwTInY7VK4ip6cyGMMUoXJfqT8gwM8PRVsuGyKLRSOUnMVZ5O74pyuzLDIB7OviqAFV6qF6ynYOkd7_VRQ12r56RncBUqb88Xy1tg6AKdU/s320/indj13.png" width="320" /></a></div>
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What is giving me confidence now is that Petrobras - PETR4 - $PBR is making an 1-2-3 low and have a hook at 18.00. Its weight on Ibovespa makes me think that we could hold here or go higher from now on.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuQgMOnkJkBe5g2n3IiKmNT-f2LfnVekr7iCNUNB92wx3muLcNS7onLrG52fzw1aqyadsxPvS_iqhS-Y_g6SQwnyY0bLxMsdFB-dbo4moVAozGSTEEjvjUQ21Qx-GmCEyuRSW_HRrkssI/s1600/petr4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuQgMOnkJkBe5g2n3IiKmNT-f2LfnVekr7iCNUNB92wx3muLcNS7onLrG52fzw1aqyadsxPvS_iqhS-Y_g6SQwnyY0bLxMsdFB-dbo4moVAozGSTEEjvjUQ21Qx-GmCEyuRSW_HRrkssI/s320/petr4.png" width="320" /></a></div>
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I really liked how this chart developed. I see divergence between price and MACD Line while it is crossing up.<br />
<br />
I would take the trade if it breaks 18.00 and my stop is under 17.52<br />
<br />
Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-32054198270089697712013-02-04T18:41:00.000-08:002013-03-11T21:18:46.731-07:00Week 6Hello there!<br />
<br />
First of all I wanna tell you followers that the website with those graphic tools I used to post is no longer accepting free users so I changed for my brokerage firm software called XP PRO which is pretty good too.<br />
<br />
Another Monday (4) on the negative side. Petrobras (PETR4 - $PBR) was the biggest responsible for the tragedy again. The biggest brazilian oil company fell -2.49% on the session with investors fearing a bad earnings report that was announced after markets close.<br />
<br />
Here comes the Ibovespa future chart maturing in February's Wednesday closest to the 15th.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-bwC6ZZNqsO7185QaMHOxMdmD9TwMK3iMfVx-lm2eWoBm9U-oy453cDzCy3-0gNdLCZpYd8hwvwz6mCcmseaMX6mlkPQBeVJx4yhydBhxspNMPLfnFAX20NlLfQiq2dHN7Mj5No7QWss/s1600/indg13.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-bwC6ZZNqsO7185QaMHOxMdmD9TwMK3iMfVx-lm2eWoBm9U-oy453cDzCy3-0gNdLCZpYd8hwvwz6mCcmseaMX6mlkPQBeVJx4yhydBhxspNMPLfnFAX20NlLfQiq2dHN7Mj5No7QWss/s320/indg13.png" width="320" /></a></div>
<br />
<br />
I had to draw again the Fibonacci, so our new level at Ibovespa future is the 58,840.00 level (still 38.2% retracement of the movement).<br />
<br />
Would be very interesting and healthy if market holds this level. As you can see MACD Line is low but may need another week to be ready to go higher.<br />
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The last call I made was Braskem (BRKM5 - $BAK)<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGwxODND6K0jNRdCI05PRKRbNqW4DqdVbLFSCn2V-ft0mAwVTSNWCzyjz4u4U0FQiwHV2DGYs_qHw4TBfWS_kXZ1uYl6e4Jkyp4Sa2pAmcbXD6Dmw7FYFKAPvYX9xQr_ZnjG6tS8BDyFg/s1600/brkm5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGwxODND6K0jNRdCI05PRKRbNqW4DqdVbLFSCn2V-ft0mAwVTSNWCzyjz4u4U0FQiwHV2DGYs_qHw4TBfWS_kXZ1uYl6e4Jkyp4Sa2pAmcbXD6Dmw7FYFKAPvYX9xQr_ZnjG6tS8BDyFg/s320/brkm5.png" width="320" /></a></div>
<br />
<br />
This stock performed very well against Ibovespa but today's movement got me unprepared even more with this volume. Even thinking that this stock could easily reach 16.30 level I would take the profit if it loses today's low.<br />
I can easily enter this trade again in another opportunity.<br />
<br />
Stocks that I'm watching for long positions:<br />
VALE5 - $VALE<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZtkiyzXJjrAfoKuZQ4iDk1kJI8OfsZniz5lGGKhOab1SaVtAANOs-lT85s68jtXcoH5mCZp7oRGXVRXa4GQvoadQI6wWS9je8W-z1TEGWwontat8WanUbkNQyhXYQbpakpqLaGUqMtaU/s1600/vale5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZtkiyzXJjrAfoKuZQ4iDk1kJI8OfsZniz5lGGKhOab1SaVtAANOs-lT85s68jtXcoH5mCZp7oRGXVRXa4GQvoadQI6wWS9je8W-z1TEGWwontat8WanUbkNQyhXYQbpakpqLaGUqMtaU/s320/vale5.png" width="320" /></a></div>
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<br />
MRVE3 - $MRVNY<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZDPOJarhOk_t78gmSkYalE9qdsARpuZXR77a_dtVMGmm3R6BW41dJ02Zc8zPhif-JC1Ce9JNE0G0VgL11NiHfYjN-vXmX0uIFkcSD8-lK8wCBEHfStGC9TMoxWJQKjdGwEORkBN39q1I/s1600/mrve3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZDPOJarhOk_t78gmSkYalE9qdsARpuZXR77a_dtVMGmm3R6BW41dJ02Zc8zPhif-JC1Ce9JNE0G0VgL11NiHfYjN-vXmX0uIFkcSD8-lK8wCBEHfStGC9TMoxWJQKjdGwEORkBN39q1I/s320/mrve3.png" width="320" /></a></div>
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<br />
HGTX3<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij3Se3aTrkYJyCLUDxbT449FtT4IZzZ79GpaL_Pw8WeK4GbB7FSSb4t5kSnLcIpaE4X5YUUpp7zQBDiqGKhKVc0LH96iIHeUuNdT56Rw8l5W2bBImHO8upBQJ4hpiasGReicJn3BDwoKA/s1600/hgtx3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="182" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij3Se3aTrkYJyCLUDxbT449FtT4IZzZ79GpaL_Pw8WeK4GbB7FSSb4t5kSnLcIpaE4X5YUUpp7zQBDiqGKhKVc0LH96iIHeUuNdT56Rw8l5W2bBImHO8upBQJ4hpiasGReicJn3BDwoKA/s320/hgtx3.png" width="320" /></a></div>
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<br />
Thanks and have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-39294088538369164852013-01-28T19:02:00.001-08:002013-03-11T21:19:14.281-07:00Week 5Hello there!<br />
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After closing last Thursday (25) on the negative side, this Monday (28) Ibovespa fell 1,87% closing at 60,027 points. The biggest responsibles for this session were VALE5 - $VALE, OGXP3 - $OGXPY and banks like BBDC4 - $BBD that reported a profit 6,1% higher than the same quarter of last year and still fell 3,07%.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5ayIQlE0Rnu-6v38FveL-wYoReh6TyLzbjoKOHVfdvutpSgzrF0XrvJQxDBrDFn2izdFKfOd3l4YZPds5BTxznZMkzkiYdkInNWKkbYgRPxpRecaxurTO6s4GoNU5r13luAVeXTYF6bw/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5ayIQlE0Rnu-6v38FveL-wYoReh6TyLzbjoKOHVfdvutpSgzrF0XrvJQxDBrDFn2izdFKfOd3l4YZPds5BTxznZMkzkiYdkInNWKkbYgRPxpRecaxurTO6s4GoNU5r13luAVeXTYF6bw/s320/ibov.png" width="320" /></a></div>
<br />
These two negative sessions had some volume which makes me think where Ibovespa is heading. Maybe 58,500 at the 38,2% retracement because of this volume that I mentioned but I really don't believe that our market have much room to fall while S&P is making higher highs.<br />
<br />
Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-37985750250273973562013-01-21T18:03:00.000-08:002013-01-21T18:03:39.948-08:00Week 4Hello there!<br />
<br />
Market is resting one more week. Ibovespa closed today at 61,899 points, a little lower than last week when it was 62,080.<br />
Today's close was right above the supporting trendline but I don't think we need to be concerned about it. In my opinion market is trading sideways to go higher later.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiSc1MRQutIcmEefUiLzivD0yrPOLsXfq8kmx29flPY258tuA6bKu2vBHrZKZWBbSmD1WDM6JuZbrjph5g4QCxuywWcfbBRjLERacy9Hw_Yxaf8DJXps3bg4vT5Obzm2KiywbTTV9LIeY/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiSc1MRQutIcmEefUiLzivD0yrPOLsXfq8kmx29flPY258tuA6bKu2vBHrZKZWBbSmD1WDM6JuZbrjph5g4QCxuywWcfbBRjLERacy9Hw_Yxaf8DJXps3bg4vT5Obzm2KiywbTTV9LIeY/s320/ibov.png" width="320" /></a></div>
<br />
Although market was choppy these days BRKM5 - $BAK is up 4,36% since my call last week. Nothing abnormal but a good trade for a market that is lagging.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1-yS0mBm4R0M-2A44OC_ACQesuxwLNXCwaG6XPZ183n5k1BmDUSI58_lJTJG5Xn4zKaPg6dKkVt0TeGsjn2RpO3k3zeftjTBectCP9PDWcpmFJNEUQhnCaa30wMTvah3XouuZboWVAJc/s1600/brkm5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1-yS0mBm4R0M-2A44OC_ACQesuxwLNXCwaG6XPZ183n5k1BmDUSI58_lJTJG5Xn4zKaPg6dKkVt0TeGsjn2RpO3k3zeftjTBectCP9PDWcpmFJNEUQhnCaa30wMTvah3XouuZboWVAJc/s320/brkm5.png" width="320" /></a></div>
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That's all for today. Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-67447719948854555372013-01-14T16:30:00.003-08:002013-01-21T17:24:20.534-08:00Week 3Hello there!<br />
<br />
5 trading days have passed and Ibovespa is still in the same level around 62,000 points. Although we would like to see market going up this kind of resting is positive, shows us that we're still in an uptrend even with the MACD Line crossing down.<br />
<br />
This is what I see in Ibovespa<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUdAe9EnQjqX41aJ03mzkXZyYU8r6epb5jExALFyzkQV6c8VH47pNUwJTsw80xBfqAC4XsablzxA2uAW4nhdjDOqv0nnGpdvrSSAAjjkmLsNLQwwQtD91dEtQVTkOJNTOtIWglb2wGrUk/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUdAe9EnQjqX41aJ03mzkXZyYU8r6epb5jExALFyzkQV6c8VH47pNUwJTsw80xBfqAC4XsablzxA2uAW4nhdjDOqv0nnGpdvrSSAAjjkmLsNLQwwQtD91dEtQVTkOJNTOtIWglb2wGrUk/s320/ibov.png" width="320" /></a></div>
<br />
Don't have much to say but I would hold a little more long positions before taking profits.<br />
<br />
Here is a chart of a stock that's looking interesting in my opinion.<br />
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Braskem - BRKM5 - $BAK<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRPbwR0-WvdiraopYHJzy-M1FgExLXJ3jUUG2_2jbekZgWXpK0YTFgwHBWrm-RXblXVsBQbRB7LjblLMSI-i_biBRUIiKOEnxou13Guwybh-WLnQsNmwHOJ91LFaLKkTr4eGyiw5Edk94/s1600/brkm5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRPbwR0-WvdiraopYHJzy-M1FgExLXJ3jUUG2_2jbekZgWXpK0YTFgwHBWrm-RXblXVsBQbRB7LjblLMSI-i_biBRUIiKOEnxou13Guwybh-WLnQsNmwHOJ91LFaLKkTr4eGyiw5Edk94/s320/brkm5.png" width="320" /></a></div>
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That's all for today! Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-42582277385555104102013-01-07T16:28:00.003-08:002013-01-07T16:28:33.299-08:00Welcome 2013!Hello there! Happy new year!<br />
<br />
Ibovespa traded up very well last month, making december one of the best months in 2012 with gains of 6.04%.<br />
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.<br />
<br />
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.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQLn_ogasqV9xcb3MeyZTYJE5UWSaQLfwFYyTVitpNHGh1nvixOsY18dR75t7Nn64f26F1ztXT8UMJQEDKKvqT62nsDuG-kaC8e0DV2J1Apxw0HetwHJmqlTHI9DHASPQDO2aLle4Ma8A/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQLn_ogasqV9xcb3MeyZTYJE5UWSaQLfwFYyTVitpNHGh1nvixOsY18dR75t7Nn64f26F1ztXT8UMJQEDKKvqT62nsDuG-kaC8e0DV2J1Apxw0HetwHJmqlTHI9DHASPQDO2aLle4Ma8A/s320/ibov.png" width="320" /></a></div>
<br />
I also want to show how BBDC4 ($BBD) and ITUB4 ($ITUB) developed well after my post about them.<br />
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Bradesco - $BBD - BBDC4<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiU_Qm3-cHH1_U20s4A86DsIlxtdugKMie8JWqTG8PAc5pruX9bc6QGmsW1t3LaEFoXRMHAktftyWaTK2Dd4qkCUxzRydaIS4RN8LUc06XXhrcMZ0KjbH-xmOhPkWzqRPSkelNdjHZBDsM/s1600/bbdc4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiU_Qm3-cHH1_U20s4A86DsIlxtdugKMie8JWqTG8PAc5pruX9bc6QGmsW1t3LaEFoXRMHAktftyWaTK2Dd4qkCUxzRydaIS4RN8LUc06XXhrcMZ0KjbH-xmOhPkWzqRPSkelNdjHZBDsM/s320/bbdc4.png" width="320" /></a></div>
<br />
Itaú Unibanco - $ITUB - ITUB4<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5x79btIImE-j7MlXtBWRSIpK2YxOy7ZeSx7NFVXIEdGJBY9huUXcHv_rKZT-jMInTo-xGt4AVHLxe3RTt3jvgEeYUrLvigImvuS1fpw-PSYLyj7UdVcyz0dnWB8pQoRz-07PPH0p9B-Q/s1600/itub4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5x79btIImE-j7MlXtBWRSIpK2YxOy7ZeSx7NFVXIEdGJBY9huUXcHv_rKZT-jMInTo-xGt4AVHLxe3RTt3jvgEeYUrLvigImvuS1fpw-PSYLyj7UdVcyz0dnWB8pQoRz-07PPH0p9B-Q/s320/itub4.png" width="320" /></a></div>
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Hope you like it! Nice trades in 2013!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-65567894023515284172012-12-17T17:31:00.001-08:002012-12-17T17:31:11.646-08:00Week 51Hello there!<br />
<br />
We see market kinda resting on 59,450 points. Next point looks like to be 62,120 with a possible retest on 57,900.<br />
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This is how I see Ibovespa:<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYfNEvInyWa2gH3MemHP8tFx-2gNinog2C_-7A_qOYadrm-l82i_acE2QulWmSMZk_wB6FOgWYD-sZ1WvLz__WxOcDxI0ckNpl_cuuxJm-aMVCL4pWTfGBpF6ZIWvLyTk9Hi-0oxZrhlA/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYfNEvInyWa2gH3MemHP8tFx-2gNinog2C_-7A_qOYadrm-l82i_acE2QulWmSMZk_wB6FOgWYD-sZ1WvLz__WxOcDxI0ckNpl_cuuxJm-aMVCL4pWTfGBpF6ZIWvLyTk9Hi-0oxZrhlA/s320/ibov.png" width="320" /></a></div>
<br />
Last week I've posted two charts from financial stocks but they didn't developed well.<br />
<br />
One stock that is really strong in a bull trend is VALE5 ($VALE). Wouldn't be surprised if this stock hits 41,57 before a pullback. Worth watching.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFPaxGPXHJxtl0rtmeSBM0O5-5GlAWXm8XbNna3RUy7465l8CDDDq2qp48xh7sjZi_o2EK0mGlsIX-v1GsuQtb7rOqu_oz3N0z5MDDyktUf98lah4Sv7_j9-8g9hxpTB6Sq11_AuYngsM/s1600/vale5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFPaxGPXHJxtl0rtmeSBM0O5-5GlAWXm8XbNna3RUy7465l8CDDDq2qp48xh7sjZi_o2EK0mGlsIX-v1GsuQtb7rOqu_oz3N0z5MDDyktUf98lah4Sv7_j9-8g9hxpTB6Sq11_AuYngsM/s320/vale5.png" width="320" /></a></div>
<br />
As next Monday will be December 24th I won't be posting. Expect a post on Wednesday or Thursday.<br />
<br />
Good trades for everybody!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-35437002227688019962012-12-10T19:34:00.000-08:002012-12-10T19:41:12.025-08:00Week 50Hello there!<br />
<br />
After two weeks without a post I'm back. I really was unable to keep things up to date during the trip.<br />
<br />
Just recapitulating last post, we reached the 55,400 points on Ibovespa and things wasn't so clear to decide wich direction market would take.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUuT8342QXdvMgALdNExLsZtVlUdK1UIaJGoSRysANuMwQHSwOiEJQtx2199aOejfsMvBwUdhUQZz0nEwPXcgkawjCUnl88meYuf6Vys02UL7cmw773tgguYJlVz_J3POzQkWY91Eaz_g/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUuT8342QXdvMgALdNExLsZtVlUdK1UIaJGoSRysANuMwQHSwOiEJQtx2199aOejfsMvBwUdhUQZz0nEwPXcgkawjCUnl88meYuf6Vys02UL7cmw773tgguYJlVz_J3POzQkWY91Eaz_g/s320/ibov.png" width="320" /></a></div>
<br />
As we can see now market is trying to form an uptrend with higher highs and higher lows on the daily candles.<br />
<br />
Also, what I like to see when market is recovering is the financial sector. Our biggest banks are showing relative strenght.<br />
<br />
ITAU UNIBANCO - ITUB4 - ITUB<br />
<br />
MACD Line is higher than the last point<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-o6EtRKb4dLAvHaJmf_fQfPXZpZs1U2bbtfHb3ZpgNhDtjf0SdPVoFH-RF8wINxpV-r1kC-R34ArHf0nTPMZFbb-aMvyLYCHdH6Eo3KTLi7x-EgdkvhHQT4MX0-ODXYg0Tnm5V1KH7s4/s1600/itub4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-o6EtRKb4dLAvHaJmf_fQfPXZpZs1U2bbtfHb3ZpgNhDtjf0SdPVoFH-RF8wINxpV-r1kC-R34ArHf0nTPMZFbb-aMvyLYCHdH6Eo3KTLi7x-EgdkvhHQT4MX0-ODXYg0Tnm5V1KH7s4/s320/itub4.png" width="320" /></a></div>
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BRADESCO - BBDC4 - $BBD<br />
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Trying to make new highs<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNB18jub6M8wiW_-LL3DnCSQ2GcejM1eKWTA3TrzkUf0yXFERo-_u8vTcGlqivz4pbvB2IGgm6IKKsPQ4Y6cY1StYSZHue2RS4Z9YqnyHjOIqWNzs1eBhplalJGJ8T0Xw-4LBRPmjPp7E/s1600/bbdc4.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNB18jub6M8wiW_-LL3DnCSQ2GcejM1eKWTA3TrzkUf0yXFERo-_u8vTcGlqivz4pbvB2IGgm6IKKsPQ4Y6cY1StYSZHue2RS4Z9YqnyHjOIqWNzs1eBhplalJGJ8T0Xw-4LBRPmjPp7E/s320/bbdc4.png" width="320" /></a></div>
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Bulls on charge.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-60898685078675950722012-11-19T18:43:00.000-08:002012-11-19T18:43:29.142-08:00Week 47Hello there!<br />
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Tuesday is holiday in some states here in Brazil. One of them is Sao Paulo wich is located our stock exchange so there will be no trading session tomorrow.<br />
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As I've been watching on previous posts, since Week 43, market reached the 55,400 area respecting drawn fibonacci.<br />
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If I was obligate to make a call today it would be bullish, but from now on I prefer to wait for a clear signal from market to take positions.<br />
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I'll be travelling next week so I don't think I could keep posts up to date. But I'll try.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-40745979883378642032012-11-12T16:39:00.000-08:002012-11-12T18:25:57.664-08:00Week 46Hello there!<br />
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The day after my last post was Election Day in USA. On the Election Day we had a strong move up with some kind of expectation in Romney (somehow people thought that he could change something). Well that wasn't the case. Obama won the presidential run and on Wednesday we had a sell off.<br />
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All of this is very interesting, even more if you take a look at the 50% retracement that was drawn on the fibo that I've plotted on the IBOVESPA chart.<br />
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Actually these tests on retracement lines kind of make me more confident about this fibo. Each day I believe more that this is the target before a long bull trend, in my opinion.<br />
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If market breaks down through 56,900 tomorrow it will be even easier.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-46393349431695891612012-11-05T18:27:00.001-08:002012-11-05T18:28:32.420-08:00Week 45Hello there!<br />
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Nothing special on todays post. Market really tested the 61.8% retracement (as I posted) in a strong move but I still keep my view to the downside on the next few days before an uptrend.<br />
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<br />
Just for a note: here in Brazil we are 3 hours earlier because of summer time. Our future starts trading at 09AM and stops at 17:55 local time.<br />
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Short post but I think you got the message.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-48252572017765618402012-10-30T17:07:00.003-07:002012-10-30T17:07:39.897-07:00Week 44Hello there!<br />
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Last week I posted the IBOVESPA chart projecting a movement that could reach around 55,400.00 points.<br />
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Like everyone knows the NYSE didn't opened Monday and Tuesday because of this terrible storm called Sandy. Without foreign traders we had a low trading volume wich barely changed our market level, either up or down, remaining between the 57,000 and 58,000 area.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFOAPnv1y5AXy_5jJF-vBAtm0esTyvo2NDltDYbKirP0iG-IIsMO1KUWJzFsolox92wQkQloL0nZqwd4dCOugB5ZSubjYkwtaHGVxMZtA0pxU0Jb_prxv7v_6oNO4cQLMjAkY7N4PE63s/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="159" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFOAPnv1y5AXy_5jJF-vBAtm0esTyvo2NDltDYbKirP0iG-IIsMO1KUWJzFsolox92wQkQloL0nZqwd4dCOugB5ZSubjYkwtaHGVxMZtA0pxU0Jb_prxv7v_6oNO4cQLMjAkY7N4PE63s/s320/ibov.png" width="320" /></a></div>
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Even expecting a leg toward the D point marked in the chart I believe that IBOVESPA can test the 61.8% retracement point before continue going down.<br />
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Although my bearish short term view I'm looking for a few stocks setting up well for long positions. I can post them next time.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-90101943022751013222012-10-22T19:04:00.000-07:002012-10-22T19:04:37.940-07:00Week 43Hello there!<br />
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Today was the first trading day of the USD-Denominated Ibovespa Futures $IBV_F on GLOBEX. Really usefull if you want to track brazilian markets!<br />
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Last week I posted a break out of a 7 days range wich made me think that our market was going up. It actually did that move up but in the end of the week it started reverting.<br />
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What I'm seeing today?<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-xTmpwbUfrCoppqX5FFbDSz3i-LN8Bo4LqNtgDKUvKvO2CJHtQpWqc1W0jLFtV9GolXEb_dMofZNIm7RWdUtmQldxea8-LezRifwy8rxZkNFDR0Uy5PTnfW7Qmg00_f7C9-W0x0vIQWg/s1600/ibov.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="172" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-xTmpwbUfrCoppqX5FFbDSz3i-LN8Bo4LqNtgDKUvKvO2CJHtQpWqc1W0jLFtV9GolXEb_dMofZNIm7RWdUtmQldxea8-LezRifwy8rxZkNFDR0Uy5PTnfW7Qmg00_f7C9-W0x0vIQWg/s320/ibov.png" width="320" /></a></div>
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As the chart is showing, market is forming an ABCD movement and Fibonacci is targeting the 55,400 as the D point.<br />
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If you take a look to the MACD indicator you'll see that it's also doing lower highs and probably lower lows.<br />
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Enough said. We are going lower in my opinion.<br />
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And you? Are you bullish or bearish this week?<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-32328100581042775902012-10-15T21:01:00.001-07:002012-10-15T21:01:10.185-07:00Week 42After trading sideways last week we broke out a tiny consolidation today wich could probably lead us higher this week.<div>
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With higher highs, higher lows, MACD Histogram going to the positive side I'm looking bullish this week.</div>
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Remembering that next Monday (October 22) IBOVESPA future contract will be available for trading, thanks to CME Group. Ticker symbol gonna be $IBV.</div>
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Here is more about it: <a href="http://www.cmegroup.com/trading/equity-index/ibovespa.html">http://www.cmegroup.com/trading/equity-index/ibovespa.html</a></div>
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Guess my posts will become more useful!</div>
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Have a nice trade!</div>
Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-8177761895491291012012-10-08T17:10:00.000-07:002012-10-08T17:10:05.035-07:00Week 41Hello there,<br />
<br />
Before starting I wanna apologize for the time without posts. I'll try to keep things up to date.<br />
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So, despite Columbus Day in USA, wich could reduce our trading volume here in Brazil, todays move was pretty nice with a normal volume.<br />
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BOVESPA closed positive with a 1.27% change after testing the lower band of the trading range.<br />
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In my opinion we can go higher from here but stronger volume is needed as the same as the last up leg in beginning September. If we keep the uptrend 64,000 points will be reached again wich means that is time to go long.<br />
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The most related stocks with our index are $VALE $PBR $ITUB $GGB<br />
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Hope you like it!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-59873919591625749272012-09-25T17:28:00.001-07:002012-09-25T17:28:37.067-07:00September 25thHello there,<br />
<br />
Today our major index IBOVESPA closed the day on the downside (-2.27%) with almost all of the stocks negative.<br />
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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.<br />
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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.<br />
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Any questions or suggestions you can email me at: lucasmussi@gmail.com<br />
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Hope you like it!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-10270551389747924452012-09-17T21:05:00.000-07:002012-09-17T21:05:31.026-07:00Pulp and Paper SectorHello there.<br />
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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).<br />
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SUZB5<br />
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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.<br />
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FIBR3<br />
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A 50% move since its June lows. Stock is trending up and may continue this movement. MACD showing the same thing. Recovering pretty well.<br />
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KLBN4<br />
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Fundamentals speaking here. Only one of these three stocks that is being profitable on its balance sheets. Reaching all time highs.<br />
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Hope you like it!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-7508820546810695002012-09-13T20:01:00.000-07:002012-09-13T20:01:10.932-07:00QE3 DayAfter 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.<br />
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Almost all of the stocks have closed positive and probably will do the same tomorrow.<br />
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As my first intention I'm posting one stock per day:<br />
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JBSS3 (JBS)<br />
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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.<br />
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Have a nice trade!Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0tag:blogger.com,1999:blog-1730935972138278485.post-62141970009877158532012-09-11T21:38:00.003-07:002012-09-11T21:38:40.223-07:00Mining StocksHello there,<br />
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Today's post is about MMXM3 (Eike's mining company).</div>
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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.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcutOJAr254QHuTDLI4QGPfw6sm8PnbXeJ22tpoYBlivBd2QPOizDuD3Z947LK5FJXYlc6i7aU7P7nj8249gAMQJredWKELEFIE1P4jajhlFdqjfT-3ZdCK13Gm2a7wmQs39ObbXDqOho/s1600/VALE5.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcutOJAr254QHuTDLI4QGPfw6sm8PnbXeJ22tpoYBlivBd2QPOizDuD3Z947LK5FJXYlc6i7aU7P7nj8249gAMQJredWKELEFIE1P4jajhlFdqjfT-3ZdCK13Gm2a7wmQs39ObbXDqOho/s320/VALE5.png" width="320" /></a></div>
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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.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlvJkJMdnmxjKWIIwDtvViUd2PHlZVR_PW6hraOicJpvRexnnCZ38shZ3KjbILcBlTjhQpkBHdjR7TAiBr9384zO5watcrF_zJwTxgTraIomE_3liMuSDmaqZCmpgpPV1U-iaZDkxsmQI/s1600/MMXM3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlvJkJMdnmxjKWIIwDtvViUd2PHlZVR_PW6hraOicJpvRexnnCZ38shZ3KjbILcBlTjhQpkBHdjR7TAiBr9384zO5watcrF_zJwTxgTraIomE_3liMuSDmaqZCmpgpPV1U-iaZDkxsmQI/s320/MMXM3.png" width="320" /></a></div>
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MACD is showing a move up but its price is still lagging. Maybe a long position with stop under its support.<br />
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Have a nice trade!</div>
Lucas Mussihttp://www.blogger.com/profile/15086546526156025176noreply@blogger.com0