Monday, April 4, 2011

EWZ Brazil ETF Daily Chart Rising Wedge

EWZ shows a strong move up like India; perhaps Chairman Bernanke's easy money machine is rocking Brazil and India higher? Higher price does not come with higher indicators, thus, negative divergence, although the shorter time frame over the last month was quite strong. Price should pull back from the top rail of that long term rising wedge and move sideways to sideways down moving forward.This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.