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

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EWZ trade ideas

EWZ Downward Channel BreakoutEWZ just broke out of a downward channel at ~$30 on Friday. $EWZ is an ETF of the Brazilian market with stocks like VALE SID NTCO GOL AZUL ITUB BBD in the index. EWZ has previously moved with the domestic "value" trade. EWZ broke out of a downward channel after forming a double bottom. First Target $32, Second Target $33, then looking for relative highs above $33.75 GOL Chart BTO $EWZ 9/4 $31c avg $.50, 9/18 $34 avg $.16 BTO $GOL 9/18 $8c avg $.25
AMEX:EWZLong
by UnknownUnicorn7308096
Brazilian ETF: Descending Triangle for Latin American NationGlobal stocks had a nice bounce in early June, outperforming the S&P 500 by a wide margin as the “reopening” trade took hold and the Federal Reserve kept the spigots of easy money flowing. The MSCI Brazil ETF (EWZ) rode that wave higher at the time but has fallen flat more recently. Weakening of energy prices and a spreading coronavirus outbreak in the Latin American nation has also made matters worse. This has produced a descending triangle for the ETF, with a series of lower highs since June 8. Downside support is around $28.50. This creates the potential for bearish continuation if the lower price level is broken. Timing is unclear, and there could be some tests above $29.50 to the falling trendline. However, the overall setup could be interesting because EWZ has potential downside toward the low $20s if the current support level breaks.
AMEX:EWZShort
by TradeStation
1
OPENING: EWZ JANUARY/JUNE 15/26 CALL DIAGONAL... for an 8.40/contract debit. Metrics: Max Loss: $840/contract Max Profit: $260/contract Debit Paid/Spread Width Ratio: 76.4% Break Even: 23.40 vs. 23.30 spot Notes: A neutral to bullish assumption, IRA-friendly play in the weakened EWZ. I naturally could have gone short put (the June 19th 19 shortie is paying .63), but wanted the opportunity to make something decent if it totally rips away. In a cash secured environment, you'll get some buying power relief over going with the naked. From a delta standpoint, the back month is at the 89 delta; the front month at the 28, with the front paying just a smidge short of the extrinsic in the back month (which is why the break even is slightly above where EWZ is currently trading). The way to look at these is a form a synthetic covered call, with the back month 90 standing in for your stock.
AMEX:EWZLong
by NaughtyPines
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