como dice el piojo....tendencia bajista, rompio soportes fuertes..... lo unico que me deja dudas es el doji de ayer con un poquitito mas de volumen...
veremos el balance...
Petrobras Breaking Down?
Written by Christoper Lynn
Friday, 13 May 2011 05:56
New York, May 13th (TradersHuddle.com) - Shares of Petroleo Brasileiro S.A. (NYSE:PBR) closed the trading session at $33.67 below calculated support at $33.96 breaking the stock technically, raising concerns by investors, as the move might trigger more selling.
Petroleo Brasileiro S.A. (NYSE:PBR) also known as Petrobras, explores for and produces oil and natural gas. The Company refines, markets, and supplies oil products. The Company is based in Brazil and operates in South America and elsewhere around the world.
Petrobras' stock was trading in a well defined range with support at $33.96 and resistance at $38.42; given that this range was broken traders will be closely monitoring the stock's price action for clues of direction.
From a technical perspective it can be expected that previous support becomes resistance, as the new range gets defined, however, given that Petrobras' stock is still near the broken support, traders will be focusing on $33.96 to see if the stock can bounce back and return to its previous range.
Traders wanting to establish a short position in Petrobras can do so if the stock breaks the intraday low, or if the stock bounces back and selling materializes again at previous support of $33.96. For traders wanting to establish a long position, wait for price action to take the stock back to calculated support, which will provide a best entry point to build the position.
http://www.tradershuddle.com/Trading-Id ... -down.html
