https://www.tradingview.com/x/pNTz4eMM
Brazil boasts a strong investment case compared to an overvalued US market, which is historically trading at depressed multiples. The global scenario is looking positive for emerging market equities, like ewz and small cap brf with slower GDP deceleration, resilient commodity prices, and inflation control. Higher commodity exports are generally positive for Brazil’s currency (BRL) and equities. The technical set up is straight forward, from the 2020 high and low the price is consolidating ready to break above the descending trendline. If the fib retrace holds and the price can move past the high volume node which coincides with the breakout of the trendline around 32 we may see the start of a multi-year advance.
Brazil boasts a strong investment case compared to an overvalued US market, which is historically trading at depressed multiples. The global scenario is looking positive for emerging market equities, like ewz and small cap brf with slower GDP deceleration, resilient commodity prices, and inflation control. Higher commodity exports are generally positive for Brazil’s currency (BRL) and equities. The technical set up is straight forward, from the 2020 high and low the price is consolidating ready to break above the descending trendline. If the fib retrace holds and the price can move past the high volume node which coincides with the breakout of the trendline around 32 we may see the start of a multi-year advance.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。