Petrobras, week 6 of a sell signal
Petrobras: the decline holds but loses steam in week 6
Petrobras, week 6 of a sell signal
In Summary
Week 6 of the sell signal on Petroleo Brasileiro, with the week just closed essentially flat (+0.3%). The technical picture has turned more nuanced: CMF slips further into distribution territory, but momentum stays compressed and price is squeezed between the first resistance and the first support, a sign of a decline that holds but without fresh drive.
IQS Phase
68
in tension
Signal Strength
9
decline losing steam
Sizing
MINIMUM
Ranking
#13 / 22
Rest of the World stocks
Trade P&L %
+9.29%
from signal to today
restricted Platinum content