Decline losing steam, week 17
Banco do Brasil: the decline slows at week 17, +16% since entry
Decline losing steam, week 17
In Summary
Banco do Brasil is 17 weeks into a sell signal, up 16.09% since entry. The week just closed shed 1.8%, but the technical picture shows the downward push losing steam: MACD and CMF are both improving against the prior 3 weeks, while the daily chart is building a sequence of 5 higher lows. Trading remains not recommended for a new entry.
IQS Phase
80
in tension / maturity
Signal Strength
7
decline losing steam
Sizing
MINIMUM
Ranking
#2 / 22
Rest of the World stocks
Trade P&L %
+16.09%
from signal to today
restricted Platinum content