AURE3 cup and handle bullish pattern

We can observe the formation of a cup and handle pattern in the AURE3 chart. If it manages to maintain the level of around R$10.41, it will be a bullish signal, with a target around R$13.50. Besides the chart pattern, it is important to note that the early redemption of debentures will reduce the average cost and extend the average term of its debt, in addition to optimizing the amortization schedule for the coming years. Therefore, AURE3 is showing a bullish bias, although it is still possible to see lower prices, as there is a downtrend in the monthly chart.