I think that If EWW reaches the $72.50 price level around Aug 20th, it will complete a (somewhat valid) bearish Gartley pattern, with a relatively high prob for the price to drop to the $66 direction in less than a month, on where there's a strong volume-profile balance attractor.
Trader takes a $1.4 Million Bet in EWW to the LONG Side. The investment seeks to track the investment results of a broad-based index composed of Mexican equities. I watch over 1300 trades a day and this is one of the only two trades that I have taken today. The chart looks great and I think that EWW will break to the upside and one trader thinks the stock is...
Looking to go long mexico.
Like the fundamentals and the look of the chart.
Stop Loss at 64.00.
Profit Target at 77.00
Risking 1% of my account on this trade.
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Of course this is general advice only. Please consult your investment adviser before placing any investments as necessary.
