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CIEL3 bearish (4%)

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BMFBOVESPA:CIEL3   CIELO ON NM
CIEL3 crossed support line at 32.80, showing the force of the bearish trend started in 02-August-2016.
As the stock came from an bullish trend and the correction took more than 60% of the last move, it's expected that it will hit the support marked by 30.85.

Stop: 32.80 (-1,58%)
Entry (sell): 32.30
Take profit: 31.00 (+4.06%)
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