Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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.
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