During the weekend, presidential elections concluded with the re-election of Dilma Rousseff. This was perceived as bad news for the BOVESPA, but after gaping strongly on Monday, the Brazilian stock market has been rising strongly.
A double bullish divergence
on the MACD
histogram on a triple bottom formation, with extreme volume
bars and climactic action on the Weis Wave.
I expect this ETF
to go at least to 50$.
The daily chart
offered almost a perfect buying signal. A daily bullish divergence
with a very bullish