Access Global ETFs with Unum Capital.
To get started, email lester@unum.co.za
Why EWZ?
1. Exposure to large and mid-sized companies in Brazil
2. Targeted access to the Brazilian stock market
3. Use to express a single country view
Overall Strategy for iShares Brazil ETF (EWZ)
Combining the short-term, medium-term, and long-term trends, the overall outlook for the iShares Brazil ETF is cautiously optimistic. While the short-term trend is attempting a bullish reversal, the medium-term outlook is uncertain. The long-term trend, however, is showing signs of attempting to turn around after a period of strong selling pressure. This suggests that there might be potential for long-term upside, but investors should remain cautious in the near term.
Current 7-Day Trend: Strong
Current 14-Day Trend: Attempting a Bullish Reversal Following a Consolidation Phase
Short-Term Outlook (1 to 10 days): The short-term view points to a potential for a buy/long position as the 7-day trend is strong and the 14-day trend is attempting a bullish reversal. However, the recent consolidation phase suggests that caution is warranted.
Medium-Term Outlook (2 to 4 weeks): The medium-term outlook is uncertain, as there is no reading available for this time frame.
Long-Term Outlook (5 to 8 weeks): The long-term outlook is cautiously optimistic. The previously strong selling pressure is now attempting to turn around, suggesting potential for long-term upside. However, it is important to monitor the situation closely as the long-term trend is still developing.
Lester Davids
Analyst: Unum Capital
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