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Thursday, 11 October 2018

Petrobras (NYSE: PBR): 11 October 2018, Thursday, 4.52pm Singapore Time

Petrobras (NYSE: PBR): 
11 October 2018, Thursday, 4.52pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals of Petrobras (NYSE: PBR). It is a major Oil and Gas Drilling and Exploration company that is listed in the US Market. It has broken out of its double-bottom/cup-and-handle bullish formation, and has done so using a large Island-Reversal for high bullishness upmove. Petrobras will continue to have an indefinite upside after this breakout. It is currently doing a backtest support confirmation of the double black necklines and is a buy-on-dip. Golden opportunity does not come twice.

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