GUARARAPES ON NM
Panjang

GUAR3 Breaks Cup and Handle Resistance with Volume

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GUAR3 recently broke out of a classic cup and handle pattern, surpassing the resistance at R$8.42 with strong volume confirmation. The breakout signals renewed buying interest and a continuation of the short-term bullish trend. After reaching the 61.8% Fibonacci projection at R$8.99, the price is undergoing a slight pullback, which may offer a buying opportunity near the short-term moving averages.

As long as the price holds above R$7.50, the bullish structure remains intact. The next Fibonacci targets are positioned at R$8.99 (0.618) and R$9.91 (1.618 extension). Traders should monitor the pullback for potential entry, with a stop loss set at R$7.50 to manage downside risk.

Penafian

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