$EWZ looks poised to rally above the 'Temer almost impeached' fundamental key levels. These 3 price levels acted as key support and resistance zones since the market bottomed as per my previous publication, good time to rebuy Brazilian stocks. Bolsonaro being elected president might please investors in the long run, is what I think. Cheers, Ivan Labrie.
I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long $BRL as an oil proxy here, shorting $USDBRL with a tight stop at 3.3415. The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it. Best of luck to our brazilian friends, and to anyone taking the...
HndS formation in the next months, now its time to purchase to take a little profit at least the minimum described in the chart. Thx Thx