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