Looks like large and mid-sized companies in Brazil will have a nice little run up in the coming weeks. Chart is bullish on daily and weekly cycle. Taking a long here.
After breaking bellow a bearish flag-like consolidation, EWZ reached the contracted objective point at 32.00 in an agreement support zone. Market is now testing the broken line from the downside in a pull back movement. If the broken line can hold the market, EWZ tends to reach the next target in the objective point area at 30.75 - 30.45, which is also an...
The EWZ (Brazil ETF) has used to be in a downtrend in USD terms since 2008. It has now broken and retested the resistance and looks ready for reaching higher highs. Fundamentally, it is trading at ~7x P/E with a large part of the index and the country economy being possibly fueled by a renewed commodities cycle.
This emerging market is breaking a 15 year downtrend, and I expect it to follow India. Countries that stay neutral in crazy geopolitical times tend to do very well. There are a lot of fundamental reasons to long Brazil that I won't enumerate here, commodity-rich etc, interest rates, etc.
The TA is the main thing here, TP 1 will get hit this year, and TP 1 Would...
While China, India, Russia and the Middle East have been very noticed, Brazil has been overlooked. With the discussion of the end of the dollar's hegemony, it may be a good time to look at emerging markets. Despite controversial policies, it is a country without problematic neighbors and with many natural resources. The areas and lines on the chart are support or...
Symbol EWZ
Open Date 11/6/2023
Bear Call or Bull Put Call
Expiry Date 12/22/2023
Short Strike 34.5
Long Strike 36
Price to Open 0.18
Min Width Multiple 3
Risk Ratio 7.33
Return on Risk 13.6%
Opening DTE 46
1 Day ROI% 0.30%
Max Annual ROI % 108.2%
Longer term, the buyer stepped in on the -1 sig test Oct 6
Rebought the Bearish range -1 sig and the selle did not...
The iShares MSCI Brazil ETF has squeezed into a tight range since the coronavirus pandemic, but now it could be nearing a breakout.
Today’s chart uses two-week candles to display the price action since 2016.
First consider the falling trendline since December 2019, along the highs of 2021, 2022 and earlier this year. EWZ jumped above the line last week after...
The Brazilian market looks like it wants to breakout in a big way. If we can get the USD to weaken then that would give us more evidence that a breakout is coming. Lets wait and see...
HI MY BRAZILIAN FOLLOWERS me personally seeing brazilian stocks attractive nowadays in terms of creating bullish wedge pattern since 2012 so after it drops to 26 dollar i will buy that in longterm goal.
Goooood Luuuuuuuck
Here we are looking at EWZ on the Weekly TF!
As you can see, EWZ is currently at its MACRO downwards sloping resistance line, which dates all the way back to 2008 when the Brazilian Market put in its all time highs.
Since then, price has worked its way down, with many break out attempts of this line. Ultimately, each of the breakout attempts thus far have...
Hi,Guys EWZ it lokks like a rocket which is filling its fuel tank ready for its taker off and over 30 percent gain on that ...if you dont have this etf in your basket dont jump on gun please wait it breaks the wedge pattern to the upside then after retrace maybe you can find long setup.....
Goooooood Luuuuuuuuck
The BRICS nations are emerging countries
and significant share of the global population
--
It provides foreign direct investments
such as:
Financial services
Mining
Transportation
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The BRICS is facing challenges like the global health crisis,
global governance among its members, and
internal agendas among its members with differing opinions
--
How is...
