Azul (AZUL4) has improved its latest quarterly results, in addition the price is at pandemic crash levels. In general, Brazilians dislike three sectors: retail, slaughterhouses and aviation. In my opinion, this is an opportunity. Targets in Fibonacci extensions: 0.618 (R$21.63), 1 (R$27.60), 1.618 (R$37.25) and 2.618 (R$52.87).
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