CosmicDust

EWZ weekly - finally bottoming? - 3/4/2016

AMEX:EWZ   ISHARES MSCI BRAZIL CAPPED ETF
ewz
21 2 3
ewz
In bull market in ONE week. (open price: 20.60, close price: 24.99, 21.3% gain). Weekly technical is in sweet spot and I think it has a lot potential. Waiting for some pullback and consolidation and a better entry.
good trade . Regarding RSI curve the Support in weekly curce Price is 30 $.
I am follwing this stock too since 2 weeks. I will also wat for a strong pull back.
Nice view, though
Reply
I am in this for some time since the divergence on RSI (you have it here as well in Jan - feb). Assuming that that was the top and bottom think it is probably to have a recent top here now at first major fib as i expect markets to cool a bit after a rally from 12th. Brazil though has had a good streak of news lately, and this is clearly making news to everyone so people are just going in on the boat of this all time low - it may continue to shoot up. markets tend to be irrational at times
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out