You guys are delusional if you think the people who move and manipulate this stock on a daily basis give a #$%$ about the 200 DMA, EMA or any MA
What's really moving all Brazilian stocks today is news of a worse-than-expected fiscal deficit and a big drop in the Real. Stuff like that is what the people w enough money to move this stock pay attention to. Without that news, PBR would probably in the low 18s today.
Yeah, cause he has no incentive at all to say that regardless of what he really thinks right?
This kind of fiscal problem going into an election year is bad news, personally I'm in too deep to bother selling, but I wouldn't initiate new positions if I was in cash.
and wait for low 40s again,w this thing already wobbling while US markets are an all-time high, nowhere to go but down in short/intermediate term
only question is whether that is already priced in or not
PETROBRAS ON PETR3
Price BRL 18.32
Number of Trades 21,362
Socialism, capitalism, I feel so smart when I use fancy-sounding -ism words, look at me mommy..
Direct personal advice from a good broker you know and trust is one thing, and the good ones don't even deal w people who are investing less than $5 million.
Stock research reports are pretty much useless. I had access to Goldman Sachs stock research for a while, and it was all just as worthless as third-tier #$%$ like Zacks. In fact, you can pretty much assume that anything you can access by clicking a headline on Yahoo!!!!! Finance is worthless.