Recent trucking strikes has put Brazil on the path to recession. Investor confidence in the government to implement pro-capitalism policies are low. GDP will take years to recover, so will many industries. Trend and money flow have spoken. This is going to 2016 lows.
Note
Adding extra to the position using bear put spreads. Max profit at $25.Note
Trade still looking good.
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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.