Amazonas Florestal Ltd (AZFL)

[dipbuy]

The bounce is based on Elliot Impulse Wave on the weekly chart.

There are too many technical signals imo.
1. A clear MACD divergence on daily
2. Stochastic Momentum Index almost crossing -40 on weekly (again)
3. MACD cross over about to happen on weekly
4. Accumulation/Distribution going bonkers (again)
4. 50 day and 200 day average are curling
5. 50 day breakout is close (again)
6. 200 day breakout means long term reversal (recent example INT*V)

There may be other indicators too with bullish signs. But these are the ones that I use and they almost always find me winners.