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EWZ

Long call trade: EWZ - Yacine Kanoun inspiredYacine Kanoun brought this stock to my attention. I'm considering purchasing calls with a strike price of 40usd and an expiration date on March 6th. The spread between USDBRL and EWZ is reaching similar percentages to what has show in the past, so I think that it's due for an adjustment, and thus agree with Yacine. I also spotted a technical key level, which I want to see the stock avoid to retest during the next week, for a time at mode buy setup to confirm. My own indicator displaying bands shows price reached an extreme low, and so does rgmov. The retest of the supply area seen in the last high, but on lower volume is a bullish signal as well. Remember to risk less than 5% on each trade, in this case, I'm considering a 1.5-3% risk. Good luck!
AMEX:EWZLong
by IvanLabrie
10
Premature enormous potential in Brazil Will be monitoring $EWZ over the next few weeks to see if this 3.5 year shit show is turning a new leaf with the recent break of a major downtrend line (2 variations drawn) on a positive divergence in RSI, and a slowly uptrending MACD that crossed the zero line and is at levels not seen since early 2012. The downtrend line of momentum on a weekly relative basis vs. the S&P has also been captured while putting in a higher low. While things are definitely looking interesting, I would want to see the downtrend line from early 2008 as well as the 200 day moving average captured before going long.
AMEX:EWZ
by Nick_C_
World Cup's Winning Trade On Brazil's EWZ Millions of soccer fans around the world await the most important global sporting event, the 2014 FIFA World Cup. Many media outlets have already started to hype different stocks, as well as statistics about the event. This brings about a question for us traders, who is going to win and how can we profit? As technical traders, who study and trade from the charts, we are one step ahead of the news, and possibly even the game! With that in mind, lets look to the iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) to help us pick the winning nation by analyzing the chart. We can clearly see the iShares MSCI Brazil Index (ETF)(NYSEARCA:EWZ) is retesting a major trendline break out, with the 200 day moving average just below the trendline. This could serve as minor short term support. However, the chart has begun to consolidate right at the line, without getting any significant bounce, as of now. The longer price remains around this level, the more likely the iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) are to break down. If this trendline is broken the iShares MSCI Brazil Index (ETF)(NYSEARCA:EWZ) will fall quickly. A major support level where the shares will find buyers is $42.49. If the level mentioned ($42.49) happens to be hit towards the end of the World Cup, and Brazil is still in the tournament, then the EWZ will rally (among other factors) in part as a result of Brazil winning the 2014 FIFA World Cup from this level of support. That is my prediction based on the charts... please feel free to comment and make your own predictions, let us know if another chart is telling you who will win the 2014 FIFA World Cup! I would love to hear your thoughts, feel free to comment on our google+ page, our facebook fan page or tweet at me. As always, myself and the other Pro Traders of the Elite Round Table will be providing our members with the detailed trades, live when they happen... join us now! Kiliam Lopez Elite Round Table, Pro Trader Tweet at me @kiliamLopez
AMEX:EWZ
by KiliamL