AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
307 9 5

Locally due to for a rebound.

Everything seems bullish too - BUY - Simple here.
jangseohee
2 years ago
Volume spike up! another bullish divergence on this will be formidable long
+1 Reply
BuboWaveTrader
2 years ago
buy pullback on Volyme spke
Reply
AndreLuiz66
2 years ago
Hi, Yacine. I'm from Brazil. I totally agree with you. In addition to this chart, there are others that are also preparing to start a medium/long term movement. The problem is that investors (in general) in Brazil are too scared to react.
Reply
YaKa PRO AndreLuiz66
2 years ago
Andre - thx.
investors dont buy bottoms... they wait for the move to be in place and rational to emerge.
It seems we are onto something here... there could be a decent move up.. I am not sure it is the final bottom and Bubowavetrader could be right on his chart.
Reply
YaKa PRO AndreLuiz66
2 years ago
Andre, do you know what is the composition of the index that makes it much lower than the Bovespa itself?
Reply
AndreLuiz66 YaKa
2 years ago
Hi, Yacine.

I don't know if it is the composition that is causing this difference, because the main companies are in both indices.

I think this distortion is caused because your chart (EWZ) is in Dollar, while Ibovespa is in Real (Brazilian currency). So, if you dollarize Ibovespa chart (Ibovespa/Dollar) and compare with EWZ, you will see that they are very similar.

In other words, the Ibovespa index has inflation that distorts a little the chart in a medium/long term.

Have a look at this chart: BVSP/USDBRL

Best,

Andre

Ps: The right name for the Brazilian index is "ibovespa" (with "i"). But Tradingview put "bovespa"... I don't why... "Bovespa" is the name of the exchange. : )
Reply
AndreLuiz66 AndreLuiz66
2 years ago
Ps. 2: Sorry if you find some mistakes in English.. : )
Reply
YaKa PRO AndreLuiz66
2 years ago
Yes you are right, it must be the currency... did not know in which currencies the indices were denominated. Thank you. Your english is as good as mine. no worries.
Reply
jangseohee
2 years ago
EWZ is part of EEM? carries how much %?
snapshot
Reply
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