Braskem. International Petrochemical buy opportunity after a huge drop

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.