Ibovespa drops 18.12% in the week and banks pull losses after the second round
According to InfoMoney, BBAS3 fell 33.37% and ITUB4 19.69% in the week, while PETR4 fell 9.73% and VALE3 rose 0.24%.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
The Ibovespa closed another week in the red, with a drop of 18.12% in the period after the second round, according to a survey by InfoMoney. The weight of banks drew attention: shares of Banco do Brasil (BBAS3) fell 33.37% in the week, and those of Itaú Unibanco (ITUB4) fell 19.69%.
Petrobras (PETR4) also lost ground, with a drop of 9.73% in the interval. Vale (VALE3) went against the trend and rose 0.24%, but, according to the same report, the paper's daily chart still shows a downward trend.
Given this scenario, InfoMoney analyzes new support and resistance for BBAS3, ITUB4, PETR4 and VALE3 after the correction. Supports are price levels where demand tends to appear, and resistances are the levels where supply tends to slow increases. The analysis shows which points technical investors start to observe.
What is at stake is whether the week represents just a pause or the beginning of a more prolonged movement. The answer depends on the behavior of these levels in the coming trading sessions, and this text does not make price projections.
What changes for the investor
For those who invest and operate, the week showed that the correction was concentrated in some stocks, while others, such as Vale, resisted. This reinforces the importance of following the technical levels highlighted by InfoMoney before making any decision, as graphical reading helps to define risks, but does not eliminate uncertainty. This text is informative and does not provide a recommendation to buy or sell.
Automatically translated from Portuguese.
