Nu Holdings Secures Pivotal Mexican Banking LicenseNu Holdings, the Brazilian-born digital banking powerhouse, has achieved a transformative regulatory victory by securing formal authorization to operate as a fully licensed bank in Mexico. This landmark approval represents a quantum leap for the company's digital-first financial model, empowering it to move beyond restricted fintech offerings and deliver a comprehensive suite of traditional and innovative banking services—ranging from savings accounts and credit products to potential insurance and investment vehicles—directly to Mexican consumers. Yet, even as this strategic expansion signals a deepening commitment to one of Latin America's most promising markets, Nu finds itself navigating a complex tapestry of market signals; recent stock performance has encountered headwinds, even as Wall Street analysts project a staggering 42.86% year-over-year surge in quarterly earnings per share, underscoring a pronounced disconnect between transient investor sentiment and the underlying conviction in the company's sustained profitability trajectory.
Market Performance Amidst Broader Volatility and Compounding Resilience
In the most recent trading sessions, Nu Holdings experienced a noticeable pullback of 3.2%, a decline that notably underperformed the broader S&P 500 index, which registered a comparatively modest dip of just 0.45% during the same period. This short-term underperformance may reflect profit-taking activities, macroeconomic jitters surrounding emerging-market exposures, or investor caution ahead of the company's upcoming earnings release. However, contextualizing this recent dip against a wider timeline reveals a far more resilient narrative; over the past month, Nu's stock has rallied by an impressive 21.21%, signaling robust underlying momentum and sustained appetite among growth-oriented investors. This dual-faced performance profile—characterized by temporary pullbacks juxtaposed against powerful multi-week gains—illustrates the inherent volatility often associated with high-growth fintech names, while simultaneously affirming that the broader market continues to price in Nu's exceptional expansion story, particularly as it aggressively scales its operational footprint across the region.
Unstoppable Customer Acquisition Engine and the Power of Viral Referrals
Beyond the oscillating stock charts, Nu Holdings continues to fire on all cylinders operationally, boasting a staggering clientele of over 100 million customers across its three core markets of Brazil, Mexico, and Colombia. This remarkable scale places Nubank among the largest digital financial institutions globally, a testament to its deep cultural resonance and user-centric value proposition in underserved banking populations. The primary catalyst propelling this breakneck expansion is an exceptionally effective, algorithmically optimized referral program, which has transformed each satisfied user into a brand ambassador, driving organic, low-cost customer acquisition at a velocity that traditional brick-and-mortar banks can scarcely replicate. By leveraging social proof and tangible incentives, Nubank has not only democratized access to financial services but also cultivated an intensely loyal user base that consistently adopts multiple products, thereby increasing average revenue per user and reinforcing the network effects that form the bedrock of its competitive moat.
Valuation Premium, Industry Benchmarks, and the Road Ahead
Turning to the financial metrics that underpin investor calculus, Nu Holdings currently trades at a forward price-to-earnings (P/E) ratio of approximately 16.86. This figure commands a substantial premium relative to the industry peer average of 11.88, reflecting the market's willingness to assign a higher multiple in exchange for Nu's superior growth trajectory, technological agility, and vast untapped total addressable market across Latin America. While this premium valuation signals elevated expectations baked into the current share price, it simultaneously introduces an element of execution risk; the company must convincingly deliver on its aggressive earnings forecasts—particularly the projected 42.86% EPS uplift—to justify this relative expensiveness. Furthermore, as Nu channels significant capital and management attention into its newly minted Mexican banking operations, it must adeptly balance investments in regulatory compliance, local talent, and product localization against the imperative of margin preservation. In an increasingly crowded fintech arena, where incumbent banks are digitizing rapidly and rival neobanks are raising fresh capital, Nu's ability to maintain its innovation velocity, protect its net interest margins, and convert its vast user base into consistently profitable cohorts will be the defining test of whether its current valuation represents a prudent bet on future dominance or an overextension of investor optimism. 
Long
Long 
NU: When 135 million clients rebuild a bank from scratchNu Holdings started as a neobank in São Paulo and today is building an AI ecosystem for 135 million customers across Latin America, managing credit cards, savings and investments. The company trades on the NYSE, and everyone who understands that digital banking is no longer about mobile apps but about artificial intelligence is watching.
Q1 2026 Report
Results were released on May 14. Managerial revenue exceeded $5 billion for the first time, reaching $5.32 billion, up 42% year over year. Net income came in at $871 million, up 41% year over year. Customer base surpassed 135 million: Brazil over 115 million, Mexico 15 million, Colombia nearly 5 million. In Mexico, the company became the third-largest financial institution and reached break-even for the first time. The loan portfolio grew 40% year over year to $37.2 billion. The efficiency ratio improved to 17.6%. Over 15 million users use the AI Private Banker monthly. Nu‘s proprietary NuFormer foundation models are already in production for credit decisioning in Brazil and Mexico.
Corporate Events
On June 4, the board of directors approved a $1 billion share buyback program over the next 12 months. All growth investments across Brazil, Mexico, Colombia and the US remain fully funded. In January, Nu received conditional approval from the OCC to establish Nubank N.A., a national bank in the US.
Risks
On June 1, the company announced a CFO transition: Guilherme Lago moves to a special advisor role on July 13, and Rob Livingston, former CFO of Visa North America, becomes the new CFO. The company describes the move as planned, but the market reacted with a 5–8% drop. Loan loss provisions rose 33% quarter over quarter to $1.79 billion. Risk-adjusted net interest margin declined 100 basis points to 9.5%. The 15–90 day NPL ratio increased to 5.0%, which the company attributes to seasonality and deliberate expansion into riskier segments.
Technicals
On the two‑week chart, price is moving within a rising channel and is testing the support zone where the 100‑day moving average converges with the 0.786 Fibonacci retracement. The buy zone is 10.57–11.11 dollars. Monday‘s close (June 8) was 11.60 dollars. Volume over the last week is significantly above multi‑month averages, indicating institutional presence. Institutional investors own approximately 84% of the shares. ADX and MACD remain in neutral territory. The first target is 16$, the second 19$.
The $1 billion buyback program and conditional US bank approval provide fundamental support. Risk-adjusted margins and the CFO transition keep valuations in check. Technically, price is testing the accumulation zone with rising volume. Long 
NU: Ascending Wedge Formation, Bearish Pressure Ahead!Hello There,
welcome to my new analysis about NU on the weekly timeframe perspective. In recent times I have spotted interesting setups in the whole stock market that lead to profitable trading opportunities. Currently, I follow a total return approach by considering long and short candidate stocks. NU is a candidate on the short side.
As when looking at my chart, we can watch there how NU formed this massive ascending wedge formation in which the wave count already completed. Since then, NU broke out below the lower boundary and is now forming the bearish confirmation setup. Also, the settlement below the 50-EMA in grey and the 100-EMA in red forms substantial resistances.
With the breakdown below these levels, NU activated the lower target zones. The initial bearish target zone is within the 8 area. The further bearish target zone is below the 5 area. Also, increased bearish pressure supports the downside movement. Once the final target zone has been reached, further assumptions about the bearish development need to be made.
In this manner, thank you a lot for watching!
The support is highly appreciated.
VP Why Morgan Stanley Sees a $21 Future?Nu Holdings (NU) Soars on Analyst Upgrade: Why Morgan Stanley Sees a $21 Future and the 3 Pillars of Its Unstoppable Growth
In a resounding vote of confidence for Latin America's fintech champion, Morgan Stanley recently lifted its price target on Nu Holdings Ltd. (NYSE: NU), the parent company of digital banking giant Nubank. Analyst Jorge Kuri raised the firm's target to $21 from $18 on March 2, while firmly reiterating an Overweight rating. The upgrade came on the heels of an exclusive investor roundtable with the company's chief financial officer, held after the release of its blockbuster fourth-quarter 2025 results. Kuri noted that the deep-dive discussion served to powerfully reinforce Nubank's status as a premier "long-term compounding story," prompting Morgan Stanley to revise its earnings forecasts upward. Crucially, the analyst suggested that the broader market consensus estimates still remain surprisingly conservative when stacked against the company's proven and projected growth trajectory.
This analyst action is the latest in a series of positive catalysts for Nu Holdings, a company that has rapidly transformed from a disruptive Brazilian startup into one of the world's largest and most influential digital banking platforms. Founded in 2013 and operating primarily across Brazil, Mexico, and Colombia, Nubank has successfully captured the imagination—and the wallets—of millions by offering a sleek, mobile-first alternative to traditional, often fee-heavy, brick-and-mortar banks. Its product suite, spanning credit cards, digital accounts, personal loans, and investment services, is specifically designed to democratize access to financial services for underserved consumers across its core markets.
Record-Breaking Q4 Results: A Snapshot of a Scaling Giant
The catalyst for the recent optimism was Nu Holdings' stunning fourth-quarter 2025 earnings report, released on February 26. Founder and CEO David Vélez painted a picture of a company firing on all cylinders, closing out the year with a series of record-breaking metrics.
Customer Growth: Nubank ended 2025 with a staggering 131 million customers, having added an incredible 17 million net new customers over the course of the year. This demonstrates not just the massive addressable market in Latin America, but also the company's unparalleled ability to acquire and onboard users efficiently.
Monetization: The company's ability to deepen its relationship with existing users is reflected in its average revenue per active customer (ARPAC), which reached $15. This growth in monetization, combined with the expanding customer base, propelled the company to a record quarterly revenue of $4.9 billion.
Profitability: Perhaps most impressively, Nu Holdings delivered an all-time high net income of $895 million, translating to a stellar 33% return on equity (ROE) . This level of profitability in a high-growth, scalable fintech is a rare and powerful combination. Management attributed these results to a trifecta of success: surging customer engagement, improved monetization of its user base, and a disciplined approach to risk management that has kept credit quality in check even as the loan book expands.
Looking ahead, Nubank is not resting on its laurels. While continuing to invest heavily in its core Latin American markets—where the growth story is far from over—the company is also strategically and gradually building the capabilities to evolve into a broader, more diversified global digital banking platform.
The "Incredible Growth Stock" Case: 3 Reasons Why NU Stands Out
For investors, the allure of growth stocks is undeniable. The potential for above-average financial expansion often translates into exceptional market-beating returns. However, the path is fraught with risk; growth stocks are inherently more volatile, and betting on a company whose expansion story is fading can lead to significant losses. Identifying a true, durable compounder requires a rigorous analytical framework.
According to the Zacks investment research framework, Nu Holdings (NU) checks all the right boxes. The stock not only boasts a favorable Zacks Growth Score but also carries a top-tier Zacks Rank, a combination that historical research shows consistently beats the market. Here are the three fundamental pillars underpinning NU's status as a premier growth pick:
1. Stellar Earnings Growth Trajectory
For growth-focused investors, earnings growth is the North Star. It is the single most important driver of long-term shareholder value. Nu Holdings has a proven track record and a promising future in this regard.
Historical Performance: The company's historical EPS growth rate stands at a staggering 144.5% , a testament to its rapid scaling and operational leverage.
Future Projections: More importantly, this momentum is expected to continue. Current consensus estimates project that Nu's earnings per share will grow by an impressive 39.9% this year. To put that in perspective, this rate crushes the industry average, which calls for a much more modest EPS growth of just 16.7%. This massive differential highlights Nu's dominant position and its ability to outpace the competition.
2. Explosive Cash Flow Generation
While earnings are crucial, cash flow is the lifeblood of any growing enterprise. For a growth company, strong and increasing cash flow is even more critical, as it provides the internal fuel to expand operations, invest in new products, and enter new markets without relying on expensive external debt or dilutive equity financing.
Recent Performance: Nu's year-over-year cash flow growth is a robust 38.8% , significantly higher than many of its peers in the digital finance space. This rate compares extremely favorably to the industry average of just 8.4%.
Long-Term Trend: Looking at the longer arc of the company's history reveals an even more compelling story. Over the past 3-5 years, Nu's annualized cash flow growth rate has been a phenomenal 84.4% , dwarfing the industry average of 10%. This demonstrates a consistent and powerful ability to convert its growing business into actual cash.
3. Positive Momentum in Earnings Estimate Revisions
Beyond the hard numbers of past and projected growth, the trend in analyst sentiment is a powerful leading indicator. Empirical research has consistently shown a strong correlation between upward revisions in earnings estimates and near-term stock price appreciation. When analysts collectively raise their outlook for a company, it often signals that underlying business trends are stronger than previously anticipated.
Upward Revisions: In the case of Nu Holdings, the trend is unmistakably positive. Over the past month, the Zacks Consensus Estimate for the current year's earnings has surged by 0.6% . While this may seem like a small increment on the surface, it represents a directional shift from a group of analysts who are becoming increasingly confident in the company's ability to deliver. This positive revision activity, following the strong Q4 results and Morgan Stanley's bullish commentary, adds another layer of conviction to the Nu growth story.
In conclusion, Nu Holdings presents a compelling investment thesis. It combines the raw scale of a major financial institution with the agility and growth profile of a tech startup. With a blue-chip analyst like Morgan Stanley raising its price target, a fundamental business firing on all cylinders, and key growth metrics that tower over its industry peers, Nu appears well-positioned to continue its remarkable journey of compounding value for shareholders. Long 
Long 
Nu Holdings: Is Latin America's Fintech Star Sustainable?Nu Holdings Ltd. stands as a prominent neobank, revolutionizing financial services across Latin America. The company leverages the region's accelerating smartphone adoption and burgeoning digital payment trends, offering a comprehensive suite of services from checking accounts to insurance. Nu's impressive trajectory includes acquiring 118.6 million customers, accumulating $54 billion in assets, and consistently demonstrating robust revenue and net income growth, primarily driven by its strong presence in Brazil, Mexico, and Colombia; - this strategic alignment with digital transformation positions Nu as a significant player in the evolving financial landscape.
Despite its remarkable expansion and optimistic projections for continued customer and asset growth, Nu faces notable financial headwinds. The company experiences an erosion in its net interest margin (NIM), influenced by increased funding costs from attracting new, high-quality customers and a strategic shift towards lower-yield, secured lending products. Furthermore, the depreciation of the Brazilian Real and Mexican Peso against the US dollar impacts their reported earnings. Nu's ambitious ventures, such as the NuCel mobile phone service, require substantial capital investments, introducing execution risks and demanding efficient capital allocation.
Beyond internal financial dynamics, a significant, albeit external, geopolitical risk looms: a potential Chinese invasion of Taiwan. This event would trigger a global embargo on China, leading to unprecedented supply chain disruptions, widespread stagflation, and hyperinflation worldwide. Such a catastrophic economic cascade would profoundly impact Nu Holdings, even given its regional focus. It would likely result in drastically reduced consumer spending, a surge in loan defaults, severe challenges in accessing funding, further currency devaluations, and soaring operational costs, thereby threatening the company's stability and growth prospects.
Ultimately, Nu Holdings presents a compelling growth narrative rooted in its innovative model and strong market penetration. However, internal pressures from evolving interest margins and high capital expenditure, combined with the low-probability but high-impact global economic upheaval stemming from geopolitical tensions, necessitate a cautious and comprehensive assessment. Investors must weigh Nu's demonstrated success against these complex, intertwined risks, acknowledging that its future prosperity is inextricably linked to both regional economic stability and the broader global geopolitical climate. Short 
Short 
Long 
Nu Holdings (NU) AnalysisCompany Overview: Nu Holdings NYSE:NU , a leading digital bank in Latin America, is rapidly expanding its footprint across the region, leveraging innovative fintech solutions to drive growth in underbanked markets. With a mission to offer simple and accessible financial services, Nu Holdings continues to strengthen its presence, especially in key markets like Mexico and Colombia.
Key Developments:
Expansion in Latin America: Nu has successfully launched checking accounts in Mexico and Colombia, showcasing strong customer demand. The company has attracted $3.3 billion in deposits in Mexico and $220 million in Colombia, underscoring its ability to effectively penetrate new markets. This expansion opens up significant growth potential for Nu, as the digital banking revolution in Latin America continues to gather momentum.
Strong Customer Engagement: Nu's active user base continues to grow, with an impressive record-high activity rate of 83%, marking the 11th consecutive increase in user engagement. This high level of customer activity demonstrates Nu's ability to retain and engage its users, a crucial factor for long-term profitability in the fintech sector.
Accelerating Revenue & Profitability: In addition to customer growth, Nu has shown consistent acceleration in revenue and profitability, solidifying its position as a top contender in the fintech space. The company's unique combination of digital banking services, credit offerings, and low-cost structure sets it apart from traditional banks and other fintech competitors.
Investment Outlook: Bullish Outlook: We are bullish on NU above the $13.50-$14.00 range, driven by its successful market expansion, strong customer engagement, and accelerating financial performance. Upside Potential: Our price target for Nu Holdings is set at $23.00-$24.00, reflecting its potential for continued regional growth and increasing profitability as it scales operations across Latin America.
🚀 NU—Transforming Banking Across Latin America! #FintechGrowth #LatAmBanking #DigitalRevolution Long 
Nu Holdings reports strong Q2 earnings, shares surgeNu Holdings Ltd., a leading digital banking player globally, saw its stock prices rise following an impressive second-quarter earnings report . The company's profits more than doubled compared to the previous year, an achievement that has significantly offset concerns about increasing loan delinquency rates and a reduction in bad loan provisions.
Operating predominantly in Brazil, Mexico, and Colombia, Nu Holdings boasts a customer base exceeding 100 million, covering 55% of Brazil's adult population. Known as Nubank, the company operates without physical branches, leveraging a cloud-based platform optimized for mobile devices. For the quarter, Nu recorded revenues of USD 2.8 billion, surpassing the average analyst estimate of USD 2.66 billion, according to a Bloomberg survey.
Technical analysis of Nu Holdings Ltd. (NYSE: NU)
Examining potential trading opportunities based on the current technical landscape of Nu Holdings' stock:
Timeframe : Daily (D1)
Current trend : the stock is currently in an uptrend, with the quotes recently reaffirming support above the support line
Resistance : the resistance at 12.30 USD has been broken
Support : support has solidified at 9.65 USD
Potential downtrend target : should the trend reverse to a downtrend, the downside target could be set at 7.50 USD
Short-term target : if the uptrend persists and continues beyond the current resistance, a short-term target could be 14.35 USD
Medium-term target : with continued momentum, the stock price might aim for 15.50 USD
Investors and traders should monitor Nu Holdings closely, especially in light of its strong quarterly performance and its strategic position in the growing digital banking sector. The company's innovative approach and expansive market coverage in key Latin American countries position it well for sustained growth, which is reflected in the positive trajectory of its stock price.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Long 
Macro Monday 46 - South America Indexes Signaling Major Trend Macro Monday 46
Emerging Chart Trend in South America and Brazil
Brazil is the largest economy in South America, followed by Argentina, Chile, Colombia, and Peru.
These 5 countries together hold a huge 90% share of the South American economy.
Today we will look at index charts for South America and Brazil to get an overall initial technical picture from a price standpoint of the aggregate in these regions.
IShares Latin America 40 ETF - AMEX:ILF
The iShares Latin America 40 ETF (ILF) is a collection of the 40 largest Latin American equities by market cap.
The index is heavily weighted in Financial Services which makes up 33% of the Index. Basic materials form 19% and Energy makes up 15% of the Index allocation. Interestingly NUBank NYSE:NUS has a large c.6% holding within the index. This is a stock I hold that has performed incredibly well and I have shared many bullish charts on NU. Incredible that a relatively New Bank has grown large enough to make it into the top 5 holdings here.
The Top 5 companies in the ILF Index are:
1. Vale S.A. NYSE:VALE : 9.3% Allocation. This company is a global leader in iron ore production and the second-largest nickel producer (Basic Materials).
2. Petróleo Brasileiro S.A. - Petrobras NYSE:PBR : 7.6% Allocation. Known as Petrobras, this is a multinational corporation in the petroleum industry (Energy).
3. Itaú Unibanco Holding S.A. $ITUB. 6.5% Allocation. Itaú Unibanco is one of the largest banks in Brazil, providing a range of financial products and services (Financial Services).
4. Nu Holdings Ltd. NYSE:NU : 5.84% Allocation. Nu Holdings is a financial technology company that offers banking services and is known for its digital banking platform, Nubank (Financial Services).
5. Grupo Financiero Banorte, S.A.B. de C.V. SKILLING:GFNORTEO.MX : 5.36% Allocation. Banorte is one of the largest and most prominent financial institutions in Mexico (Financial Services)
The Latin America 40 ILF Char
SUBJECT CHART ABOVE
What jumps from this chart?
▫️ Firstly we appear to forming a long term pennant style flag from which a break up is more likely than a break down.
▫️ We have been rejected from the upper diagonal line repeatedly and if we break above this line it would be a very good indication of an initial trend change.
▫️ We have dashed underside diagonal support line warns of lower prices if broken (historically has been useful).
▫️ We are above the 200 week SMA at present and we are challenging the PointOfControl (POC) Line.
Summary South America 40 Index
As this is a long term pennant style flag from a major increase in price action in the early 2000’s, a break above the long term diagonal resistance line would be a major signal of the beginning of a new bullish trend, keep in mind that such a price move would also demonstrate a break above POC (strong trading range to hold as support). We need to watch the diagonal underside support line (dashed line) for a break lower which would be an indication of significant weakness. Either direction will give us a good signal of how the largest companies in Latin America are performing and by extension South America.
Now lets look at the largest performing country in South America, Brazil.
Brazil
Brazil is the 8th largest economy in the world and the only country in South America to make it into the top 10 world’s economies.
Brazil is the top contributor to South American nominal GDP accounting for 61% of the increase in the South American economy (Int. $264 bn). In 2nd and 3rd place are Colombia (Int. $50 bn) and Peru (Int. $25 bn) with much lower contributions.
Brazil’s Gross Domestic Product (GDP) for the year 2023 grew 2.9% and is expected to grow by c. 2% in 2024, lower is anticipated mainly as a result of the delayed effects of monetary tightening.
Brazil is considered a key financial center for South America. It has the largest economy in the region and is home to a number of significant financial institutions and stock exchanges. São Paulo, in particular, is recognized as the financial capital of Brazil and is a primary hub for international business activity in the country. Brazil is also a leading producer of a host of minerals, including iron ore, tin, bauxite (the ore of aluminum), manganese, gold, quartz, and diamonds and other gems, and it exports vast quantities of steel, automobiles, electronics, and consumer goods.
iShares MSCI Brazil ETF - AMEX:EWZ
The iShares Brazil ETF (EWZ) seeks to track the investment results of an index composed of Brazilian equities. The ETF tracks a free float-adjusted market capitalization-weighted index designed to measure the performance of the large- and mid-capitalization segments of the equity market in Brazil. All this means is that Larger companies have a bigger impact on the index’s performance.
The index is heavily weighted in Financial Services which makes up 25% of the Index. Energy at 22% and Basic materials at 16.6% of the Index allocation are 2nd and 3rd after Financial Services.
The Top 5 companies in the ILF Index are:
1. Vale S.A. NYSE:VALE 3.SA : 11.3% Allocation. This is a mining company and one of the largest producers of iron ore and nickel in the world (Basic Materials)
2. Petróleo Brasileiro S.A. - Petrobras $PETR4.SA & $PETR3.SA: 10.1% Allocation. Commonly known as Petrobras, this state-controlled company is involved in the energy sector, primarily focusing on the exploration, production, and distribution of oil and gas (Energy).
3. Itaú Unibanco Holding S.A. $ITUB4.SA: 8.3% Allocation. Itaú Unibanco is one of the largest financial conglomerates in the Southern Hemisphere (Financial Services)
4. Banco Bradesco S.A. $BBDC4.SA: 8.0% Allocation. This is another major player in the Brazilian financial market, offering a wide range of banking and financial services (Financial Services)
5. WEG S.A. $WEGE3.SA: 3.5% Allocation. WEG is an industrial company that operates globally in the electric engineering, power, and automation technology areas (Industrials).
The EWZ Chart
What jumps from this chart?
▫️ Firstly we appear to forming a long term pennant from which a break up is more likely than a break down IMO.
▫️ We have been rejected from the upper diagonal line repeatedly and if we break above this line it would be a very good indication of an initial trend change.
▫️ We have dashed underside diagonal support line warns of lower prices if broken (historically has been useful).
▫️ We have yet to break above the 200 week SMA and we are challenging the PointOfControl (POC) Line.
Summary Brazil Index
A break above the long term diagonal resistance line would be a major signal of the beginning of a new bullish trend, keep in mind that such a price move would also demonstrate a break above POC (strong trading range to hold as support). We need to watch the diagonal underside support line (dashed line) for a break lower which would be an indication of significant weakness. Either direction will give us a good signal of how the largest companies in Brazil are performing and by extension South America (as Brazil is thee major contributor to South America.
Overall
Overall IF the Latin America ETF and the Brazil ETF break out of their respective pennants to higher levels and find support prior diagonal resistance lines, the 200 weekly SMA, and the POC, this could indicate a bullish trend in South America for years to come. It would then be worthwhile to then look at companies within Brazil and South America for trading and investing opportunities.
All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the South America market has performed. I hope its helpful.
PUKA
Long
Long 
Long 
