EWZ Downward Channel Breakout
EWZ just broke out of a downward channel at ~$30 on Friday. 
EWZ is an ETF of the Brazilian market with stocks like VALE SID NTCO GOL AZUL ITUB BBD in the index. EWZ has previously moved with the domestic "value" trade.
EWZ broke out of a downward channel after forming a double bottom.
First Target $32, Second Target $33, then looking for relative highs above $33.75
GOL Chart
BTOEWZ 9/4 31c avg $.50, 9/18 $34 avg $.16
BTO GGOL 9/18 8c avg $.25
EWZ is an ETF of the Brazilian market with stocks like VALE SID NTCO GOL AZUL ITUB BBD in the index. EWZ has previously moved with the domestic "value" trade.EWZ broke out of a downward channel after forming a double bottom.
First Target $32, Second Target $33, then looking for relative highs above $33.75
GOL Chart
BTO
EWZ 9/4 31c avg $.50, 9/18 $34 avg $.16BTO GGOL 9/18 8c avg $.25
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