Peru: 75% upside in Peru in the long term

Updated

Looks like a very low risk buy opportunity, as part of an investment in emerging markets.
The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.

Good luck,

Ivan Labrie.

Note

I'm in and also have a long term position in a Latin American equities mutual fund, composed of Mexico, Peru, Brazil, Chile and Argentina stocks.

Mexico is in a strong uptrend, potentially a long term bullish reversal:

Brazil in a steady uptrend with no signs of slowing down:

Argentina in great shape, starting to improve after being beaten down for ages:

Chile:

Russia, huge double bottom, long term trend reversal to the upside, now shooting up after a pullback into support:

China, the ETF is taking off from a massive base, it can easily double from here:

Note

Good progress in all stocks mentioned here.
In the long run, these are in good shape for a rally. Oversold dips are a good opportunity.

Note

This should be ready to move now.

Note

Great move so far...I'd let this run, if you have no position in Argentina, maybe it's a good time to swap some allocation to it. EM has been great accross the board really.

IvanLabrie

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