Braskem. International Petrochemical buy opportunity after a huge drop
26 Dec 2022
Braskem operates in the chemical and petrochemical industry and plays a significant role in other production chains essential to economic development. In this context, chemicals and plastics help create sustainable solutions that improve people’s lives in housing, food and transportation.
There is a long-term buy opportunity for Braskem S.A. after a huge drop of more than 70% since last July 2021. A strong monthly demand imbalance has recently taken control of Braskem’s petrochemical stock. The company could take some time to react to this imbalance; approach it with care if you are a short-term trader, despite fundamental analysis looking top-class.
Braskem Stock Price
There is a long-term buy opportunity for Braskem S.A. after a huge drop of more than 70% since last July 2021. A strong monthly demand imbalance trading at $9 per share has recently taken control of Braskem’s petrochemical stock. The company could take some time to react to this imbalance; approach it with care if you are a short-term trader, despite fundamental analysis looking top-class. The monthly imbalance is attractive.
Braskem is the #1 thermoplastic resin producer in the Americas and the largest petrochemical company in Latin America. It owns industrial plants across Brazil, the US, Mexico, and Europe, with capacities and assets in Germany. The company can produce over 15M tons of resins, petrochemical products, compounds, and advanced materials annually.
Braskem America stock price today
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
Join our supply and demand online trading academy If you want to learn how to trade stocks using our supply and demand trading strategy.
Related Post
The Rise of Goatseus Maximus: Best Memecoin to Buy 2024
December 11, 2024
Why 2024 is the PERFECT Time to Invest in Coca Cola Company Stock
November 27, 2024
Why Alibaba is the Top Stock to Buy Now for Long-Term Investment in 2025
November 26, 2024
© 2013 – 2024
Set and Forget S.L
All Rights Reserved.
Follow Us
Disclaimer
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.