Petrobras, week 6 of a sell signal
Petrobras: the decline slows but distribution stays heavy
Petrobras, week 6 of a sell signal
In Summary
Petrobras is in week 6 of a sell signal, and the week closed down 1.1% with sell volume at 58%. The technical picture has softened, though: the stock carved out a double bottom in the 16 area with an intermediate 4% rebound, and the downside momentum is no longer accelerating the way it was two weeks ago.
IQS Phase
78
in tension
Signal Strength
9
decline losing steam
Sizing
MINIMUM
Ranking
#30 / 137
US stocks
Trade P&L %
+14.17%
from signal to today
restricted Platinum content