EWZ (Brazil), has been in an uptrend since 2016. The past 3 months has seen it drop to it's support. Oversold conditions in RSI and Williams indicate that EWZ may have bottomed out.
This may be a low-risk entry point, but buying would be catching a falling knife. The support has not been well-tested either, so I am remaining neutral on EWZ for now.
This may be a low-risk entry point, but buying would be catching a falling knife. The support has not been well-tested either, so I am remaining neutral on EWZ for now.
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