I refer to my previous post on Brazil.
Now is the time to enter a position in Brazil ETF: iShares MSCI Brazil Index Fund (EWZ) for the long-term.
Looking at the chart of Bovespa index, one can see that the price could stay above the 200 day moving average for more than 2 weeks. It means it was not a fake move.
I buy EWZ at 46.6$. Stop loss at 39.0$
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