The Federative Republic of Brazil occupies nearly half of South America continent.It's the fourth most populous democracy in the world. There are 50 blue chips companies to form the index of the Bovespa.
Banco Bradesco SA ranked 148 in the 2009 Fortune Global 500 list.
Banco Bradesco SA ranked 148 in the 2009 Fortune Global 500 list.also known as Banco Brasileiro de Descontos, that is 'Brazilian Discount Bank', is one of the Big Four bank.(Banco do Brasil,Banco Itau Inibanco,Santandar Brasil)
It is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money. It has more than 3,235 branches.
Internationally, Bradesco has branches in New York, Grand Cayman,Luxembourg,Buenos Aires,Japan and Nassau.
It is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money. It has more than 3,235 branches.
Internationally, Bradesco has branches in New York, Grand Cayman,Luxembourg,Buenos Aires,Japan and Nassau.
Banco Bradesco is constantly expanding and has recently acquired Banco do Estado do Maranhão, Banco Mercantil de São Paulo, and the Brazilian operations of Banco Bilbao Vizcaya Argentaria
Bradesco's stock is traded on BM&F Bovespa, where it is part of the Índice Bovespa index of about 50 stocks that are traded on the Bovespa .The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It is also listed on the New York Stock Exchange and Madrid Stock Exchange.
The Dow on Tuesday,17/11/09 is 3 days to index furtures expiry.
Bradesco's stock is traded on BM&F Bovespa, where it is part of the Índice Bovespa index of about 50 stocks that are traded on the Bovespa .The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It is also listed on the New York Stock Exchange and Madrid Stock Exchange.
The Dow on Tuesday,17/11/09 is 3 days to index furtures expiry.
9:30am:--A 20.0 points opening slidefollowed by dragonfly doji.10:30am:--After filling the opening gap,index is now at its double top.
11:30am:--Pullback to find another session low with a morning star pair.
12:30noon:--Retracement to end the morning session at a new high being held back by a bearish hammer.(Industrial production for October increased less than expected)
1:30pm:--After pulling back to morning MAV support,rebounded with bullish engulfing.
2:30pm:--A pullback to bull support line with another bullish engulfing held back by a shooting star.
3:30pm:--Bullish dragonfly doji at another high.
4:00pm:--Fresh bull closing the day's high.
The bulls never give up.Any pullback is again marginally within the bull support line.
The bulls never give up.Any pullback is again marginally within the bull support line.
5 days weekly chart of Bradesco Bank listed on Bovespa.(Brazil)
The range is very small and a real lower shadow has not been established.The tri-star spinning dojis with long lower shadows will be a big concern.
Any pullback heading towards the MAV support is at risk.
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