Last week the market was strong with high-beta stocks and the e-minis breaking out. The key is identifying the set-ups and waiting for the volume to come in and trigger the trade, and if you were patient the A+ set-ups paid off. Today we are looking at Petroleo Brasilieiro (PBR). Three moving averages are converging to the upside right now. We are looking to buy above 45 with a short term target of 49. The stock has been grinding higher on long-term weekly and monthly charts, and it seems safe to say the stock should see at least the 50 dollar level in the near future. The line in the sand for the trade is 43.