CosmicDust

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

AMEX:EWZ   ISHARES INC ISHARES MSCI BRAZIL 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.
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
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out