IBOV confirmed the short term trend and continued going up as you can see on the graph. Practically 10 days going up and now, achieved the important resistance of 50,000. The most important thing for IBOV now is to close this week above 50,000 to continue the movement. Some correction (reduction of prices) might occur this week, because the prices are going up for so many days.
The good thing about this is that we have more stocks to pick, and I will post the stock I believe has the best probability of continue going up (if the trade starts).
TCSA3 has 89% of chance of achieving 3% of profit if the trigger (Start Gain) is activated.
TCSA3: Start Gain (buy ONLY IF) achieves 8.02 ; Stop Gain +3% ; Stop Loss 7.24
Have a great week.
Leonardo Monte.
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