CosmicDust

EWZ weekly - need gut - 10/2/2015

AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
ewz
29 2 0
ewz
Brazil was hit so hard and things are so bad, and .... it might be time to buy? I do not know.

Technically, it appears to be forming a green support line (might be a fake one though). RSI is forming a support line too.

But it is enticing... even touching the solid red resistance will give you ~ 10% gain, and a breakout to the blue resistance line will give you 70-80% gain.

day dreaming... haha...


timwest PRO
a year ago
I completely agree - bottom picking is very enticing.
Reply
CosmicDust timwest
a year ago
Thanks Tim. Hope is not a strategy but hopefully this is the bottom.
Reply
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