Ultrapar Participacoes, fresh buy signal off a double-bottom area

Ultrapar Participacoes opens a fresh buy signal, ranking 2nd among the 3 new Longs on Rest of the World stocks. The weekly structure is bullish with all four structural moving averages aligned, the setup quality indicator stands at 53 out of 100 and signal strength at 54 out of 100: a medium-conviction profile, not an acceleration. On the daily chart the stock is coming out of a double bottom with a 6% rebound.