As we inch in closer to the Olympics I've dug out one of the biggest property developers in Brazil to see where it could head.
Bull case
Broken out of long term bear trend line (red) and shorter term (black)
Put in a higher high this year
Bull case
Broken out of long term bear trend line (red) and shorter term (black)
Put in a higher high this year
Trade active:
Long at 1.17, SL 1.07, TP1 1.67, TP2 2.07, TP3 3.03
Trade closed: stop reached:
SL hit at 1.07
Comment:
Long order set to buy 1.05
Trade active:
Long at 1.05. Took some profit at 1.20 but holding majority
Comment:
Solid bump up as IBOV motors on.
Comment:
Added to long at 1.20
