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choilive

Brazil going down the toilet into recession - short

Short
iShares Inc iShares MSCI Brazil ETF (AMEX:EWZ)  
choilive Updated   
AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
Trend Analysis Fundamental Analysis
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0
trendanalysis fundamental
snapshot

Recent trucking strikes has put Brazil on the path to recession. Investor confidence in the government to implement pro-capitalism policies are low. GDP will take years to recover, so will many industries. Trend and money flow have spoken. This is going to 2016 lows.
Comment:
Adding extra to the position using bear put spreads. Max profit at $25.
Comment:
Trade still looking good.
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