Klabin (KLBN11): The Company Cannot Lose The Current Support
Victor Benndorf | Mar 20, 2017 01:27AM ET
The company cannot lose the current support
Klabin (SA:KLBN11) maintains the long-term side channel with NEUTRAL recommendation for buy and hold - alerted in early 2017.
The stock will again test an important support in the $ 15.00 reais and must defend this level to maintain the current standard and the NEUTRAL recommendation. We expect a large number of orders to sell just under $ 15.00 reais and the loss of this level should initiate a new corrective movement in the long term.
Position strategy: while the lateral pattern prevails, we recommend fast trading operations through shorter graphs (trading). Or, wait for a solid breakout of the $ 18.00 reais (positive long-term reversal).
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