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iShares Inc iShares MSCI Brazil ETF
Editors' picks
Updated

Brazil

289
EWZ EWZS BRZU BZQ I'm expecting more pain ahead for EWZ, Brazil market etf. No rule that says it's going to drop from here but I will be much more interested in going long if it drops to that lower trend. I'll be patient on this. Blue line is USOIL.
Note
daily chart- notice the broadening formation 123456 and then drop below. It's now resistance. It can climb back in and act as support as well: snapshot
Note
I'm seeing the potential for a bounce here. While it might only be short-term bounce, it looks possible. Notice the trend on the stoch/rsi/wavetrend indicator on bottom of the chart snapshot
gghsusa
brzuBZQChart PatternsEWZEWZSTechnical IndicatorsTrend Analysis

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brzuBZQChart PatternsEWZEWZSTechnical IndicatorsTrend Analysis
gghsusa

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.