iShares Inc iShares MSCI Brazil ETF
Long
Mis à jour

EWZ - Brazil was forgotten and will comeback

512
While China, India, Russia and the Middle East have been very noticed, Brazil has been overlooked. With the discussion of the end of the dollar's hegemony, it may be a good time to look at emerging markets. Despite controversial policies, it is a country without problematic neighbors and with many natural resources. The areas and lines on the chart are support or resistance areas, with confluence in the fibonacci retracement and projection. The next few years look promising for EWZ.
Note
If you compare EWZ (Brazil) with EWW (Mexico) you will notice that EWZ is far behind.
Note
Midcaps seems the way to go in Brazil
Note
Lula's administration is nonsense, but Brazil is still cheap
Note
P/E of IBOV is around 7. P/E of IBOV excluding Petrobras (Oil) and Vale (the largest producer of iron ore and nickel in the world) is around 10. My top 3 brazilian stocks are: BEEF3, RANI3 and SOJA3.
Note
TTEN3, KEPL3 and VITT3 are also interesting. Agriculture is my favorite sector in Brazil.
Note
Time to long Brazil again, maybe the next move will break the resistance (upper white line)

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.