Need some Brazilian Education $ARCE (Part 1 of 2)
Ain't got now Brazil in my portfolio. Maybe now is the time.
This is a two-part post. 1st one on 4hr timeframe and zoomed out.
Notes:
* Just came back to touch the 2018-2019 trading range.
* Trading below March COVID low.
* Strong wedge down into weekly demand zone from 03/2019.
* Just touched the IPO high of 25.59.
* 57% off from May 2020 highs.
* Earnings catalyst 03/31/2021
** Closer look 1hr timeframe on next post
This is a two-part post. 1st one on 4hr timeframe and zoomed out.
Notes:
* Just came back to touch the 2018-2019 trading range.
* Trading below March COVID low.
* Strong wedge down into weekly demand zone from 03/2019.
* Just touched the IPO high of 25.59.
* 57% off from May 2020 highs.
* Earnings catalyst 03/31/2021
** Closer look 1hr timeframe on next post