A breakout from a rising wedge is very bullish. Highly likely the pink line can be hit soon ($37 level). Red line should provide solid support.
EWZ finished the month with a strong tone, made a higher high, issued a long term buy signal ( based on 5/10 MMA cross). Technicals favor a bullish case.
HI, This Fund can still pay a lot of money in the next months and years by the drop. A new spike on EWZ could give a good trading opportunity. very interesting. I am trader of profiting.me Thank you Girolamo Aloe
It is consolidating in the blue triangle. Will have to break out or break down.
The price seems to build an H&S pattern, not very perfect in shape. A strong support to break is the 27$ level. Look for a breakout confermation in that level for shorting opportunities. Possible target 23$ level. Risk reward ratio 4,7. Possible gain 14,9%.
EWZ failed to break out and lost about $2 from last week's close. All indicators are still healthy (so far).
Going to where the volatility is to sell premium, and that's in EWZ (implied vol rank >70/implied vol is >50). (Plus, I'm kinda ticked that I screwed up closing out that rolled EWZ setup without checking the trade chain ahead of time ... ). In any event, here are the metrics for the setup: Probability of Profit: 74% Max Profit: $66/contract Buying Power Effect:...
EWZ had a golden cross (10 week MA above 40 week MA). And it appears to be closed above the blue resistance (a small breakout?) RSI and MACD all broken out.
Originally opened for a $104 credit, I closed this out today for a $60 debit, yielding a $40.92/contract profit after fees/commissions ... .
If you've been paying attention to headlines about Brazil recently, the term "impeachment" seems to be all over the place. But what's really driving prices upwards in the country's stock market? Is it the daily swaying impeachment probability or something else? Today's instrument to be analysed is EWZ, the ETF that seeks to track the investment results of the...
I already have a couple EWZ premium selling setups on, but with an implied volatility rank of 95 and implied volatility of 59, I'm going to put some more on here. I'm going small and using multiple expirations for setups to disperse my risk, while taking advantage of this fairly low priced underlying to haul in some pretty good credit. Here's the...
Another week of wasteland for premium selling, with EWZ again topping the volatility charts for non earnings plays, although I may go small with an IWM setup in the May monthly (it's the most volatile amongst the index ETF's, which ain't saying much). I've got one more short-term RUT/IUX setup on that I will need to address, but other than that, it's going to be...
This rolled out, "goofy" setup (it basically morphed into a long strangled inverted short strangle upon rolling) has moved into profit, so -- like the LULU short strangle (i.e., broken and rolled) -- I'll look to take it off at NY open for a small profit, so that I can redeploy the buying power elsewhere in a higher probability setup ... . I'll post the trade...
Closing out the short put side of my iron fly for a .10 ($10), as it's basically nearing worthless, and I'd like to clean up this broken setup here if I can. This left me with the 22/25.5 short call side of the setup to deal with, which I rolled out to the April 23rd expiry 22.5/27 strikes for a .26 ($26) credit. If I'm going to attempt to improve strikes, I do...
With the short put side of my EWZ iron fly nearing worthless (<.10/<$10), I'll be looking to close that out tomorrow (I neglected to notice it today, my usual "housekeeping" day where I clean up trades). Although the short call side at 22/25.5 still has 18 DTE to "work out," I think that is unlikely, so I'll look at rolling that side out for duration a modest...