Looks like a very low risk buy opportunity, as part of an investment in emerging markets. The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.
Good luck,
Ivan Labrie.
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I'm in EEM and also have a long term position in a Latin American equities mutual fund, composed of Mexico, Peru, Brazil, Chile and Argentina stocks.
Mexico is in a strong uptrend, potentially a long term bullish reversal:
Brazil in a steady uptrend with no signs of slowing down:
Argentina in great shape, starting to improve after being beaten down for ages:
Chile:
Russia, huge double bottom, long term trend reversal to the upside, now shooting up after a pullback into support:
China, the ETF is taking off from a massive base, it can easily double from here:
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Good progress in all stocks mentioned here. In the long run, these are in good shape for a rally. Oversold dips are a good opportunity.
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This should be ready to move now.
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Great move so far...I'd let this run, if you have no position in Argentina, maybe it's a good time to swap some allocation to it. EM has been great accross the board really.