CosmicDust

EWZ weekly - short term be cautious - 9/30/2016

AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
ewz
15 0 0
ewz
It has been stalled for 7 weeks, MACD turns negative and RSI rising wedge breaks. Price is still holding well but I am watching the blue support line carefully.

Overall up trend is intact given the rising 40 week moving average , any drop less than 20% should be seen as a healthy correction and should be bought given the up trend bias.
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