CALDEIRÃO DE BOLSA

I never thought that stock would break the neckline of a double bottom, but it did with a nice volume. The target price for the double bottom pattern is at 18.37. Double bottoms signals a reversal of the preceding bearish Major Trend. The technical chart continues to show a bullish bias. Next resistance is at 17.68 then followed by 18.37. Correction may happen soon, so for those who would like to get in this stock, this would be a good opportunity.

From AC