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Sunday, August 3, 2014

Forecast of good investments in Brazil




IBOV had a normal pull back last week as you can see in chart 1. After so many days going up (practically 3 weeks), it is completely normal to see 1 week going down or lateral, because there are many people selling stocks they bought in the beginning of this movement, which makes price goes down a little bit. But, usually, this doesn't affect the high long term trend that IBOV has right now. Therefore, the expectation is that IBOV will continue its movement and will continue to go up next week. The only way of changing the high tendency is if IBOV goes down to under 55,000.

From last week's forecasts, only GGBR4 started. Now, we have to wait and see if it achieves Stop Gain order.

For next week, these are the stocks that calls my attention:

KROT3: Start Gain (buy ONLY IF achieves) 63.12 ; Stop Gain (sell 70% of what you buy) +2% ; Stop Loss 59.44
CSNA3: Start Gain (buy ONLY IF achieves) 11.94 ; Stop Gain (sell 70% of what you buy) +2% ; Stop Loss 10.94

Have a great week.

Leo.

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