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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Friday, March 14, 2014

PBR - A High Risk / High Reward Trade

I'm taking a position in PBR at 10.25. I'm planning to risk 20% on this trade so I'll set the stop-loss at 8.20.
The balance sheet of this company doesn't look too hot, with 131.5 BILLION in debt, but it's taken a fairly severe beating and I think it's time has come.

Chart:

2 comments:

  1. thank you for sharing

    ReplyDelete
  2. Hi James,
    I've been watching PBR for a while and now its at all time bottom. Do you reckon the same? If so , please update chart with few targets up

    Thx

    ReplyDelete