Emerging Markets and my preferred #ETF Entry

Let’s start off with the declaimer – I’m South African and I might just be bias. If you would ask me to buy one #ETF and one ONLY, this will be my recovery ETF . Is it still a country full of challenges? YES! Could it face further downgrades? MAYBE! Do South Africa know how to fix the problem and have the “management” to do it? YES!

Watch $55.30 as a first possible breakout point, with the $58.40 being next resistance level . 50-day Moving Average also getting mighty close to the 200-day, with a break bring that Golden Cross.

Fundamentally, according to Thomson Reuters consensus forecasts, analysts see growth of 17.1% from current levels on the FTSE/JSE Top40 Index (in locally currency). My personal view is that the Rand/USD should be better priced around the R12.78/USD over the next 12 months. Should that happen, we could be looking at a possible capital gain of 8.32% (in USD) on the $EZA, corresponding nicely with the close to $58.40 levels. Should the $ZAR only improve to R13.50/USD (and consensus are spot-on), then we could be looking at a target price of $60.85 over the next 12 months.

On the downside, watch $53.08 as first resistance point, with $51.50 as next possible stop.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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