BRAZIL After a recent breakout, Brazilian stocks have corrected by 25% before picking up again this month. Indeed, the $EWZ ETF is now testing its 7-year moving average, so far successfully while its 2-year MA is slowly converging upward. Such a movement could represent a good opportunity for those who were waiting for a technical signal to enter this trade, but preferred to wait for a pullback to optimize their entry point.
Value SeekerShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.