Good risk/reward area to go long EWZS

Long

iShares MSCI Brazil Small-Cap ETF (NASDAQ:EWZS)

Updated

NASDAQ:EWZS iShares MSCI Brazil Small-Cap ETF

Although EWZS fell sharply, it "stopped" at the lower end of its up trending channel as well as its 200 day moving average. Additionally, it managed to stay above an oversold condition in RSI, a bullish sign. Looks to be a good Risk/Reward entry point.

Trade closed: target reached

Charts Avenue

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