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EWZ at decision Point!Dear Investor, After falling about 60% from this year's High, the EWZ has started a correction movement in "W" shape. If the price goes above $26,50, I believe the share will return to trade between $30 and $35 and it'll close the first GAP opened by the coronavirus crisis. I started my LONG position in this share since $20,00. But, if you want to get in this trade, I think the better entry level is when the price breaks up the $26,50. Good investments for all. Best regards, Lucas Sampaio ________________________ Olá Investidor, Depois de cair cerca de 60% da máxima desse ano, o EWZ está fazendo um movimento em formato de W. Se o preço superar $26,50, acredito que alcançará a faixa de preço de $30 a $35, fechando o primeiro GAP desde a forte queda da crise do cornavirus. Eu já estou comprado desde os $20, mas se quiser entrar nesse trade, acredito que o melhor ponto de compra é após o rompimento do $26,50. Bons investimentos a todos! Abraços. Lucas Sampaio
AMEX:EWZLong
by UnknownUnicorn3769962
IBOVESPA BRAZIL - short-term analysis before market opens todayBMFBOVESPA:IBOV should be tracing a micro wave 2 down in the 15 minutes graph attached. The 0.618 correction retracement can most probably stretch up do 65,000 points before continues its counter trend move into micro wave 3 up. LESS PROBABLE ALTERNATIVE SCENARIO: If IBOV traces down below 62,000 points the odds are that the current scenario is a ABC down and minuette wave 5 should be developing (see the other longer term analysis posted) and it is prudent to get out at this level as prices should go lower.FOLLOW SKYLINEPRO TO GET UPDATES.
BMFBOVESPA:IBOV
by SkylinePro
Brazilian Real under fire - USDBRL Macro OutlookThe Brazilian Real remains under fire due to a weakening commodity outlook, continued coronavirus concerns and impacts on LATAM/emerging market assets, revisions in inflationary outlook (down to 3.25% for 2020) and subsequent shifts in future monetary stimulus, high gross debt to GDP (~80%) and continued capital outflow from asset markets. All within a risk-off climate supporting dollar bids. We continue to see compelling evidence for a leg higher from a technical perspective with price supported by its 52-Week Moving Average, completion of the first corrective leg and an extension into our macro swing target of 5.00xx. Around a +16.00% move on the cards from here. We have added buyside exposure across both our macro and directional portfolios. ------------------------- We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform. Like, subscribe and leave your comments below! Until next time, Portier Capital Macro Strategy & Portfolio Management
Long
by Portier
2
Global Emerging Markets - Macro Outlook & CommentaryTraders & Investors, We anticipate emerging markets to be vulnerable to a macro slowdown following the virus outbreak in China. Emerging Markets have a high dependency on Chinese demand and consumption which often creates a very strong correlation between domestic activity/trade and the performance of these markets. The effects of the virus are prominent with analyst expectations of substantial drops in Chinese Q1 GDP, dovish positioning of the Monetary Authority of Singapore, sell off in Crude/Brent, gaps lower in Asian Equities and flows into risk-off assets. Following the euphoric bull run in 17'/18' and pullback into fair value, we see price correcting for a move lower into our buyside floor and macro swing targets of 34.0x. We have added sellside exposure across both our macro and directional portfolios ------------------------- We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform. Like, subscribe and leave your comments below! Until next time, Portier Capital Macro Strategy & Portfolio Management
AMEX:EEMShort
by Portier
HERSHEY: $154 takes the Lead WITH SUGAR at $14/tonHershey (HSY): $154 <-- $83 Kitkat, Kisses, Reese's ETC . this sexy stock rewards those loyal sweet tooth (+70%) Mondelez (MDLZ): $55 <- $36 makers of our very own OREO NABISCO RITZ etc making decent gains of (+50%) Tootsie Roll (TR) $$34 <-- $26 Frooties and Classic Tootsie that gave decent gains as well the underlying asset SUGAR (+28%) provides decent life to PLANTERS TRADERS and DEALERS for Local Philippines the SUGARLANDERS should be upsizing positions and leveling up lifestyles with new MANSIONS CARS and lavish parties again.. Listed issues in the business of AGRI AGRO etc.. CAT: ₱16.0 ANI: ₱12.0 DELM: ₱5.0 VMC: ₱2.55 FRUITS: 1.80 RCI: ₱1.75
NYSE:HSY
by senyor
ridethepig | BRL 2020 Macro MapThis train is picking up speed and as most of those who follow the Brazilian chart updates will know there is now momentum via Bolsonaro's pension reform. This is giving consumers the ability to drive growth into 2020 and beyond via things like credit and the appropriate monetary policy. Inflation is still coming down which means CB can keep lower rates, this will provide profit taking and reloading opportunities in 2020. For those really wanting to dig deeper into the flows, retail housing market will be a useful gauge to the next chapter as it will highlight the pace / acceleration of the pick-up. On the technical side, a very clean 5 wave sequence over a multi year period. What we are trading here is the ABC corrective leg via Brazil momentum and capturing a double whammy with USD devaluation. Here tracking 3.70x as the level in play for USDBRL in 2020 macro flows, I also favour BRL on other crosses in particular versus MXN: Thanks for keeping the support coming with likes, comments, questions and etc. We can open the Brazil conversation here for the year ahead. For those wanting to dig deeper with the 2020 strategies I have attached them in the related charts.
Short
by ridethepig
7
Brazilian Real to trade higherLooking at the recent changes in Brazil the technicals and fundamentals are lining up for a stronger BRL. BRL may open stronger Thursday, as the central bank delivered an expected 50bp rate cut, but notably removed the following sentences from the statement. “In the Copom evaluation, the evolution of the basic scenario and the balance of risks prescribes an adjustment in the degree of monetary stimulus, with a reduction of the Selic rate by 0.50 percentage points. The Committee considers that the consolidation of the benign scenario for prospective inflation should allow an additional adjustment of equal magnitude." It also took out the phrase "in any further adjustments in the degree of stimulus" from the following line in the October statement: “The Copom understands that the current stage of the economic cycle recommends caution in any further adjustments in the degree of stimulus.” - S&P followed the rate decision by upgrading Brazil’s outlook from stable to positive. Looking at the technicals the EUR/BRL is currently at the Monthly Pivot and is making lower highs and lower lows - finding resistance above. There is a lot of possible liquidity below the Yearly Pivot as this acted as strong support from the summer.
by ForexVox