Brazil Bovespa Index. Daily

INDEX:BVSP   Brazil Bovespa Index
527 0 4
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
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