Bearish divergence last high. This market losing momentum last weeks.
IBOV don`t expect close above 68200 coming weeks.
Possible Pattern ( formation bearish head shoulders) need more data
to follow that scenario.
Click to zoom in. Good Luck.
Sunday, February 14, 2010
Bovespa - Daily Market Report
New Death Cross EMA`s around 66330 - Last cross was bullish around 41000 area.
Bearish divergence last high. This market losing momentum last weeks.
IBOV don`t expect close above 68200 coming weeks.
Possible Pattern ( formation bearish head shoulders) need more data
to follow that scenario.
Click to zoom in. Good Luck.
Bearish divergence last high. This market losing momentum last weeks.
IBOV don`t expect close above 68200 coming weeks.
Possible Pattern ( formation bearish head shoulders) need more data
to follow that scenario.
Click to zoom in. Good Luck.
