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...
After several days of decline in CSAN3, the chart is starting to show signs of a potential trend reversal. If it breaks above the R$8.00 level, it opens targets at R$8.91, R$9.49, and R$10.43. The stop-loss is set at R$6.40.
Fibonacci targets for GGB: After marking a bottom with a bullish engulfing pattern and forming a reversal pivot, it is possible that the stock may reach the targets of 2.71, 2.81, and 2.98.