Archive for January 16th, 2025

Posted by Martin January 16, 2025

Market Rally Rejected at Resistance

It is evident that today the market rejected the rally at the resistance. The bulls battle may still not be lost, we may be experiencing a pause after yesterday’s strong rally. The market bounced from the support line of a declining wedge and rallied hard. Probably too hard. We would prefer an incremental increase over Continue reading →

Posted by Martin January 16, 2025

VIV Telefonica Brasil S.A., ADR

VIV Telefonica Brasil S.A., ADR broke the resistance and closed above it yesterday. Today, it is re-testing it. We believe, the stock may move to $8.50 and eventually above $10.50.   Recent Decline Analysis:   Price Action:   VIV saw a significant selloff from the $10 range in October 2024 to lows around $7.50 in Continue reading →