Itaú BBA commented that there was a bullish trend.

Money Times – Itaú BBA points out in a technical badysis report distributed to customers on Tuesday (11), that the uptrend has already disappeared. The index fell 2.5% the day before to 85 914 points.

"The company has not withstood the pressure of international markets and has left the uptrend," says the technical badysis team composed of Fábio Perina and Larissa Nappo [19659002] They note that the index lost support at 87,000 points and left the uptrend in the short term. The next major support is at 84,900 points

On the higher side, the index will find resistance at 90,000 and 91,300 points maximum. On the downside, Ibovespa lost 87,000 points. "If you lose this region, the index will leave the uptrend and the next support is at 84,900 points," they conclude.

Realization of Profits

For Bradesco (SA :), Ibovespa continues to make profits and if this confirms the loss of immediate support from the 86,090 points, it could fall back to 85,100, then 83,100 , which corresponds to the rise in the short term.

"On the plus side, the respect of the 86 090 could go back again in search of the historical peak of 91,200, which would reinforce the upward trend with a projected target of 94,500.

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