As I posted last week (read full post HERE) IBOV had a good probability of continuing going down and that happened as you can see on the picture (only friday was a good day).
What to do now? I will continue with the same strategy as last week, because I don't like to lose money. Therefore, I prefer to buy when I see a confirmation that the market is going up, instead of taking risks with my money.
There are some stocks that improved last week and seem to present a good momentum to buy, and I really thought about investing my money in 2 stocks that have around 70% of probability of increasing 2% to 3%. The problem is that they are just 2, among a lot of other stocks that continue going down. The stocks I'm thinking about are BRIN3 and KLBN4, but I won't post as a forecast on the blog (I won't post Buy prices, goal, Stop Loss) as usual, because I still think it is risky.
Next week I will continue talking about IBOV and I will post what happened with BRIN3 and KLBN4.
Have a great week, and let's see if IBOV improves this week.
Leonardo Monte.
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