Ultrapar Participacoes S.A. (New)
Viés de alta

looks like someone pushed UGP from a cliff (-1)

155
This company was consolidating nicely above the 18$ mark but then something unexpected happend. in less then 8 months the stock lost 10 billion (2/3) of its value. When something is going down this rapidly its very risky to buy a dip

Timing = -1 ( the market is running up and this company is going down)
Volume = -1 ( The volume is massive on this crash & it doesnt appear to be calming down)
Group strength = -1 (the industry is going great & the market is running up but this company is going down that makes the stock very weak)
Entry = 1 ( the only reason i post this chart is because i like the entry. ABCD pattern completted near a nice support number 9$-10$ mark)
Fractal = 1 (fractals support a reverse )

Aviso legal

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