EWZ 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
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