EWZ: Where The Nuts Come From


Once again (so far at least), green prices all over the place for absolutely no good reason, and then a reversal. It’ll be nice if it actually manages to drive lower again. I miss those days.

While we are waiting, I wanted to point out again my fondness for Brazil as a short, by way of the symbol iShares MSCI Brazil Capped (NYSE:EWZ). Here’s the pattern with its Fibonacci retracements:

Read more at : https://www.investing.com/analysis/ewz-where-the-nuts-come-from-200367874