ALVES

Following its public offering, Alves Stock experienced a significant rise and is currently undergoing a correction phase. The level of 32.90 marks the latest correction point for Alves Stock. Purchases near this level are considered a likely possibility. The correction appears to be completing at the specified level. If buying interest resumes, the initial targets are 42.03, 48.39, and 54.76. For purchasing decisions, it is essential to monitor the Price-to-Book (P/B) ratio to ensure it is approaching around 1 during the financial reporting period. Otherwise, the stock is considered overpriced compared to the industry average. Apart from the fact that their investments are currently at a loss, no other significant negative data has been identified from a fundamental perspective. An analysis of the annual report for the long term indicates that including it in portfolios poses no concerns.