Brazil Bovespa Index.
Within the Emerging Markets sector, Index has been lagging,
playing catch up, broke out(ratio) vs MSCI ACWI (All Country World Index).
Brakeout from brake_line channel, within uptrend_channel.
Brakeout from 2013 rectangular range Double bottom pattern.
50 cross 200 sma.
Has tagged the 200 sma weekly, from below.
Monthly RSI downtrend_line brakeout.
Indicated, Overbought RSI.
Possible entry on neckline retest(throwback), or holding supports.
Resistance Targets :
59376, 61100, 63454
Supports : 55291, 50 sma,
Projected Target ( lower propability ) : 68978
Within the Emerging Markets sector, Index has been lagging,
playing catch up, broke out(ratio) vs MSCI ACWI (All Country World Index).
Brakeout from brake_line channel, within uptrend_channel.
Brakeout from 2013 rectangular range Double bottom pattern.
50 cross 200 sma.
Has tagged the 200 sma weekly, from below.
Monthly RSI downtrend_line brakeout.
Indicated, Overbought RSI.
Possible entry on neckline retest(throwback), or holding supports.
Resistance Targets :
59376, 61100, 63454
Supports : 55291, 50 sma,
Projected Target ( lower propability ) : 68978
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.