The dollar is one of the main variables affecting pulp and paper companies in Brazil. We've seen the USD/BRL drop from 6.20 to 5.60, which contributed to the decline of KLBN11.
Currently, the asset is showing a 9- and 21-period moving average crossover, with the potential formation of a bullish pivot.
If it breaks above the R$19.00 level, it opens upside targets at R$19.86, R$20.38, and R$21.22.
The stop-loss is set at R$17.60.
Currently, the asset is showing a 9- and 21-period moving average crossover, with the potential formation of a bullish pivot.
If it breaks above the R$19.00 level, it opens upside targets at R$19.86, R$20.38, and R$21.22.
The stop-loss is set at R$17.60.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.