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Brazil

Unpredictable Brazil in a critical area - 08/03/2021Although moving averages aren't looking good, EWZ is in a big support zone (white area). In this Elliott waves analysis EWZ hit the 0.382 (30.78) fibonacci retraction for wave 4 and if this is the end of it, wave 5 could hit 0.618 (42.01) or 1 (49.15) of fib extentions. The ex-president Lula news made the market drop today, but Lula isn't worse than current president Bolsonaro. I'm neutral but I expect a further drop moved by fear and uncertainty before go up.
AMEX:EWZ
by outbreeak
Brazilian real is a buy here. Buy a basket of EMFX vs the USD Coming into the new year, the reflationary trade was working quite well. In January, we saw a period of heightened volatility that stressed emerging markets. Brazil was no exception. That said, the weak dollar trend looks likely to resume in the next few months, after the positioning shake-out that we saw in January. Many hedge funds are still on the sidelines and scared to commit capital to risk-assets. They will be forced to do so in March when performance benchmarks come out. EMFX and commodity exporters should continue to perform strongly as the US pursues the largest stimulus package in history. Recently, the USD looks on the verge of breaking out to the upside, though I would much rather fade this move with a tight stop. In Brazil specifically, the likelihood of Selic rates being raised increases the chance of currency appreciation. There are no real organic sellers above 5.40. The risk/reward is for the BRL to rally significantly from here.
Short
by MT-Macro
6
ridethepig | BRL for the Yearly Close📌 BRL for the Yearly Close This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking: The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But here is the weakness, we are already seeing profit taking as the USD enters into a structural decline, we have yet to mention the advantage Brazil has with particular focus on the agriculture side. The correct ways to play this in equities also come from companies like $ALTA which was one of the first gold mining companies to capture the 2020 flows in Brazil. It is reaching an initial target to that in the expectations, now add BRL appreciation to the mix and you can see how we arrive at the 600% targets: A very good luck to those looking for opps in Brazil, the currency is not afraid of the flank attack and note anyway that you can capture value on Brazilian exports into countries like USD and MXN. Just note how nearest support at 4.63x is -10% from here and the extension below at 3.9xx is -23% from current levels, both are in play for 2021. Thanks as usual for keeping the feedback coming 👍or 👎
Short
by ridethepig
5
BRLMXN | 2021 Grand Slam Trade📌 Another classical procedure can be witnessed here, the combination of fundamentals and technicals, of BRL and MXN, and a live example of an instrument finding a floor for the long run. This advance would (and of course I am considering) be worth attacking and having some involvement rather than laying bare the base of Brazil and Mexico. The correct play is to wait patiently for a confirmed break and hold long enough for the Peso to flee. Be long Brazil, stay long the Real and play the break as follows: Firstly, the BRL diagram which is showing as with a few other currencies signs of bottoming versus USD, and the following two macro formations of Brazilian inflows and Mexican outflows. These drivers are going to dictate the pace and will allow a breakout on BRLMXN for a +50% move. This is not talking in pips, pips are for pipsqueak's... this is a macro swing, a full blown % move which starts as a hedge and when it begins to work with the break it means we can go HARD. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
3
NSPR still getting beat downNow like you and many others I'm shocked by NSPR price action, so what could have caused it? Well theres one and that was the FDA IDE approval, yet today was ann that they got the full FDA IDE approval green light. News -Got FDA IDE approval in the US today -Last week they where at LD Micro 500 they gave us some company insights 1: Theres already sales in Brazil for next er. At this time er expectations didn't factor that in, so it is nearly 100% they will be making money instead of losing money. 2: They were very confident in getting the FDA IDA approval last week along with the expansion in France and Asia. Can be shown on the company website roadmap. TA Now the news is bullish, yet why hasn't price action reflect that? Well only thing it can be said is that people waited for the FDA IDE approval too long, so where can we go from here? -Well be shot up 40% this morning so even though I have resistance lines from .4194-.4594, it looks like its a very week in the grandscale of this company, so are primary resistance will be .4397-.4594 with .4922 being the true goal to go full rocket. On webull we went passed it, yet on tradingview we didn't so I'll stand with .4922 being the biggest hurdle. -Support is nothing since we kept waterfalling lower, yet if any support it ranges at .3913,.3713, and with the red zone .3506 and .3368 -Atm we are makingout withe the ema, which if we can hold it and have a good bounce off of it we can stop buying and it can confirm bullish price action. If it dips below it, it could mean I final acculation zone before we moon. -MACD is very bullish atm, but if we rise and it gets closer it might be the end short term -RSI is oversold, so we could suspect sideways movement with massive ranges, slow rise up, or a pure dump. A dump is unlikely in my opinion. Overall I've been dca every week, due to the fact of the being in the Brazil market and already having sales. I think this will produce massive gains in the near term, so i'll be holding and will update you guys if we hit lower lows or break the massive resistance.
NLong
by nathanielx9
NSPR just getting started?Now buying my 3000 shares than seeing it pump to .61 (highest RH showed), was just luck with getting the news about Brazil approval NSPR product, yet looking at the chart begs to wonder is it over? News -CGuard got approval to be used in Brazil. I will post a DD at the end of this for NSPR, yet the consumer market of CGuard in Brazil can be up too 213 million citizens. The DD also suggest NSPR is looking for partners to China to distribute CGuard next. -NSPR is looking for FDA IDE approval that it had to resubmit testing in May. If it gets approved it will get clinical trial testing to be able to be sold in the USA, which it already has approval for in Europe. It already has positive feedback from its test it submitted. -Voting coming up to add more shares (double current shares). This is negative, yet with the price of a share atm I really don't think it will past, since they raised money already in early June. -Insiders have be buying shares up to 4 million, which gives answers to the weird volume after the dump. -Low float: tbh no clue what this means or what I'm looking at since I don't trade on what is low float. But alot of people say this stock volume should be above dollar with all the positive news. TA -Again volume is beyond head scratching, which reading the DD it makes since with 4million shares being bought up from CEO, Co, and other institutions. -RSI is dead center -MACD shows more momentum to the upside. Only thing that could affect it if tech stocks sell off again or a negative catalyst such as shares increase. -now for the support and resitance lines short term and long term: support can be at the .50, .4922, and .4594. After that maybe new lows or a bear trap. -Resistance is at .61/.5764, than next a bounce to $.7493-$.6491, $.9750, $1.1275, than all i got this a pump to $3.0811 (500%). One alysise has a $2 target, yet I don't see any activity since from $1.1275-$3.0811 was just a straight dump. Final thoughts I'll hold my 3k shares, since positive catalyist out number the negative one coming up. This company will have zero effect on its US and China relation, since its HQ is in Israel. With years of downside there is speculation what the overall outcome of this company, since it has been 15 years and its still around. I say its a hold and a buy between these ranges with .45 being buy, yet hold if it dips under that price. DD www.reddit.com
NLong
by nathanielx9