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iShares Inc iShares MSCI Brazil ETFiShares Inc iShares MSCI Brazil ETFiShares Inc iShares MSCI Brazil ETF

iShares Inc iShares MSCI Brazil ETF

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EWZ trade ideas

EWZ Brazil, a commodities proxy is now in Wave 3 of IIIWith the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in. EWZ may retrace down first to fill the gap at 33.65 green line. A bounce from here will enable a near 20% rally to the 0.618 red zone at 40 to 42.43. 42.43 will be a strong pivot point since it is the intersection of the 0.50 red dotted FIB level of my slanted FIB CHANNEL with 1.272 FIB of the recent wave 2. EWZ is currently in the wave 3 of 3 of a larger wave III. Not trading advice
AMEX:EWZLong
by xtremerider8
EWZ Long Term PlayOne of my followers asked me for a long term play, here's one. EWZ (Brazil) is still at the same level as 2008. It's in a pennant and looks like it will break upward. Why? What does 2022 and 2007 have in common? High oil and commodity prices. Materials and Energy is 40% of EWZ plus the currency is rallying because of oil. I suppose you can play DBC (commodity index fund) instead if you prefer or both. DBC is now finally back to 2007 levels. Now that I think about it, it probably makes sense to park my money in DBC as an inflation hedge.
AMEX:EWZ
by hungry_hippo
Brazil ETF Breaks the DowntrendThe iShares MSCI Brazil ETF has skidded lower since the summer, but now it may be reversing higher. The first pattern on today’s chart is the bearish trendline running along the highs of June, July and December. EWZ broke above that line last week and has remained there since – even as the S&P 500 crashed to a seven-month low. Next consider the 10- and 50-day simple moving averages (SMAs). Crosses of these two SMAs have been effective intermediate directional signals several times in the last two years, as the white arrows show. Third is the support zone around $26.56 from late October 2020, which EWZ held earlier this month. Finally the macro environment may favor the fund’s holdings, which focus on natural resources (energy and metals). They also trade at relatively low multiples compared with big growth stocks. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
AMEX:EWZ
by TradeStation
1
Rolled: EWZ February 18th 32 Short Call to March 18th 30 Call... for a .38 credit. Comments: Rolled the short call aspect of my long call diagonal, the back month of which is in June at the 25 strike. There wasn't much extrinsic left in it, so I first looked at rolling down to the 30 intraexpiry, but that wasn't paying squat, so rolled it down and out to a strike slightly above my cost basis/break even, which is now 4.54 with a 29.54 break even. I still also have the 24 short put on, but that still has .30 left in it, so will wait until it approaches worthless before rolling.
AMEX:EWZLong
by NaughtyPines
Opened: EWZ February 18th 24 Short Put... for a .53 credit. Comments: Adding a short put element to what was a long call diagonal (June 17th 25 Long Call/February 18th 32 Short Call). Up to this point, my cost basis in the diagonal alone was 5.45, implying a 30.45 break even relative to where EWZ is currently trading at 27.90. I wanted to bring the setup break even closer to where EWZ is currently trading, and selling this put results in a net cost basis of 4.92 with a break even of the long call strike (25) + 4.92 or 29.92. I'll look to roll the short strangle (short put/short call) as a unit to reduce cost basis further, assuming we don't get a bodice ripper up to >32, at which point the diagonal should begin to converge on max.
AMEX:EWZLong
by NaughtyPines
Swing trading EWS Brazil EtfEWZ Brazil Etf building a base where you may swing trade the 31 to 48 range. Cut loss below 26.50 the most recent low for a good risk to reward ratio. In this weekly chart, I think the ABC down from May 2008 top is already completed in 2016 & we are now in the wave 3 of the new cycle. If it bounces from the 27-28 zone, there is a 50% potential upside in this trading range in 2022. Note: It completed a big M-Gartley pattern bottoming in 2016 at wave 2 @17.61. From 2016 till now, it is building a channel base for a huge Wave 3 in 2022.
AMEX:EWZLong
by xtremerider8
2
Rolling (IRA): EWZ December 17th 33 Short Call to January... for a .22/contract credit. Comments: Rolling the short call leg of my EWZ long call diagonal on approaching worthless (it's gone nearly no bid), the long leg of which is at the 25 strike out in June. (See Post Below).* My cost basis in the setup is now 6.37 with a 31.37 break even with a profit potential of the width of the diagonal (8.00) minus my cost basis (6.37) or 1.63 ($163/contract). I considered just allowing the short call to expire worthless, waiting for a bounce, and then re-covering the long call leg, but you never know if it will continue lower or sideways, at which point you say to yourself, "Well, if only I would've remained covered, I'd have reduced my cost basis further."
AMEX:EWZLong
by NaughtyPines
Another floor dropped under EWZ. EWZA dropping ETF with a beautiful impulsive A Wave. Since we broke Floor of Wave A, C Wave is confirmed by definition. And we now look to how low this one is likely to go. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AMEX:EWZShort
by Rykin_Capital