Yacine Kanoun brought this stock to my attention. I'm considering purchasing calls with a strike price of 40usd and an expiration date on March 6th. The spread between USDBRL and EWZ is reaching similar percentages to what has show in the past, so I think that it's due for an adjustment, and thus agree with Yacine. I also spotted a technical key level, which I...
Another indicator suggesting to buy..
Locally due to for a rebound. Everything seems bullish too - BUY - Simple here.
During the weekend, presidential elections concluded with the re-election of Dilma Rousseff. This was perceived as bad news for the BOVESPA, but after gaping strongly on Monday, the Brazilian stock market has been rising strongly. A double bullish divergence on the MACD histogram on a triple bottom formation, with extreme volume bars and climactic action on the...
full disclosure: I'm long the Dec19'14 puts @ $50 both the 13 (blue) and 34 (pink) Bollinger Bands have flattened out. the 50 day MA is rising and the 200 day MA is relatively unchanged since late June. the daily Williams %R is at -70; this indicates that pressure might turn negative. based on these observations, $EWZ could see more losses in the near...
Will be monitoring $EWZ over the next few weeks to see if this 3.5 year shit show is turning a new leaf with the recent break of a major downtrend line (2 variations drawn) on a positive divergence in RSI, and a slowly uptrending MACD that crossed the zero line and is at levels not seen since early 2012. The downtrend line of momentum on a weekly relative basis...
Millions of soccer fans around the world await the most important global sporting event, the 2014 FIFA World Cup. Many media outlets have already started to hype different stocks, as well as statistics about the event. This brings about a question for us traders, who is going to win and how can we profit? As technical traders, who study and trade from the charts,...
BRIC ( Brazil, Russia, India, China) MINT ( Mexico, Indonesia,Nigeria, Turkey) The BRIC and MINT concept was introduced by former Goldman Sach economist Jim O'Neill. Mr. O'Neill recently said that BRIC and MINTs countries would shape the world's economy in the next decade, and they would be the best places for investments. Although I don't disagree with Mr....
This clearly failed to reverse, i took some time to post this because i was looking for a double bottom, but i think this rather breaks lower.
Price seems to have found support at the long-term monthly trendline for now. Bullish Thesis: Brazil is a resource and an emerging market play for my portfolio. Considering I missed the recent gains in commodity stocks (steel,coal), I believe long-term EWZ should rise too provided the overall trend in commodity stocks is confirmed bullish. Consolidation of the...
EWZ, the Brazil ETN , is at 2009 levels. Very troubling, as most resources that Brazil exports , are 2 to 5 times higher in price than in 2009.
Looking for alignment with other markets, I am considering a long at the target of the short outlined. Liking the channel intersection and breakdown of the stock. Currently watching how this sets up.
Multiple confluence Indicator confirmation Target 38
You'll Never Guess What The Best LatAm ETF Is When it comes to single-country, large-cap focused ETFs offering exposure to Latin American nations, there are six somewhat large funds: The iShares MSCI Brazil Capped ETF (NYSE: EWZ), the iShares MSCI Chile Capped ETF (NYSE: ECH), the iShares MSCI All Peru Capped ETF (NYSE: EPU), the iShares MSCI Mexico Capped ETF...
EWZ Actual Weekly view - Waiting @47,45 ( a bit resistence)