Cemig: the managed decline checks the buyers
Cemig slips 2.3% and stalls the buyers' three-week comeback rally
Cemig: the managed decline checks the buyers
Our view last week
Cemig shares (CMIG4) close the week up 3.2%, with buyers now controlling 98% of volume: the fourth straight jump, after 24%, 68% and 89% in the prior weeks. It's the same exhaustion signal flagged last week, now sharper: RSI climbing toward neutral, ADX at a one-month low. The sell signal, under management since week 11, still sits more than 9% in profit.
This week's summary
Cemig's (CMIG4) Sell signal broke its rally streak this week: after three weeks of buyers clawing back ground, the stock gives up 2.3% and sellers retake 65% of volume. It's a first check on the exhaustion case flagged last week, though money flow and momentum keep improving regardless, and the ADX prints a fresh one-month low. On the daily chart the 5% bounce off the double bottom in the 11 area still holds, with the short now more than 11% in the money.
Ongoing decline
·12th week from start
·Rest of the World stocks
·T2
·📅 Earnings · Aug 13
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IQS Phase
66
in tension
Signal Strength
18
decline fading out
Sizing
MINIMUM
Ranking
#12 / 16
Rest of the World stocks
Trade P&L %
+11.32%
from signal to today
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