Sabesp: confirmation holds after a 6.1% weekly drop
Sabesp drops 6.1% but finds support in a double bottom near 27
Sabesp: confirmation holds after a 6.1% weekly drop
Our view last week
Sabesp's confirmation week closes at +2.4%, with signal strength climbing to 59 out of 100. The weekly picture stays bullish — all averages aligned — but a distribution phase is underway, even as all of the last daily session's volume was on the buy side. Price stays boxed between the 31 and 31.3 areas: one to watch closely.
This week's summary
Sabesp shares drop 6.1% this week, but the decline stops right at a clean double bottom in the 27 area, with a 6% bounce off it. After last week's confirmation week closed higher, the buy signal still stands: technical analysis flags early caution signs, though, with volume contracting and sellers dominant on the last candle.
Open BUY
·2nd week from start
·Rest of the World stocks
·T1
·📅 Earnings · Aug 12
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IQS Phase
46
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#5 / 10
Rest of the World stocks in progress
Trade P&L %
-3.79%
from signal to today
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