Sell signal, week 7: sellers retake control
Braskem drops 6.6% as last week's bounce snaps, but the double bottom holds
Sell signal, week 7: sellers retake control
Our view last week
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.
This week's summary
In Braskem's technical picture the Sell signal has reached its seventh week, and last week's thread snaps: after the 14% double-bottom rebound, the stock gives back 6.6% this week, with last week's 84% buyer share flipped into 80% sellers. Price retested the 5.83 area without breaking it, while the ADX keeps falling and the trend loses conviction. The short stays deep in profit, above 29%.
Ongoing decline
·7th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
71
in tension
Signal Strength
35
decline starting to make lower lows
Sizing
REDUCED
Ranking
#10 / 16
Rest of the World stocks
Trade P&L %
+29.50%
from signal to today
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