Braskem: fresh low, then a 14% bounce
Braskem gains 6.2% after a fresh 30-day low and a clean double bottom
Braskem: fresh low, then a 14% bounce
Our view last week
Braskem is in the 5th week of a sell signal, still ranked 1st among the 22 sell signals on Rest of the World stocks. After two weeks of heavy decline, the latest one nearly stalled, but short-term indicators remain in negative territory. The quality band flags trading as not recommended: the case stays one to monitor week by week, not one to open.
This week's summary
Braskem's technical picture takes a twist this week: after last week's slowdown, the stock went looking for new lows again — a fresh 30-day low in the 5.8 area — then rebounded 14% off a clean double bottom to close up 6.2%. The Sell signal, now in its sixth week, saw buyers take over the session with 84% of the trade, but the weekly structure stays broken and volatility remains very high: a name still worth watching closely.
IQS Phase
65
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#15 / 21
Rest of the World stocks
Trade P&L %
+24.49%
from signal to today
restricted Platinum content