Looks like a very low risk buy opportunity, as part of an investment in emerging markets.
The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.
Good luck,
Ivan Labrie.
The Peru ETF, EPU has a nice technical chart, and would be a fine addition to an emerging markets portfolio. It's also a dollar short, due to the heavy weight of commodities in Peru's GDP.
Good luck,
Ivan Labrie.
Note
I'm in 
EEM and also have a long term position in a Latin American equities mutual fund, composed of Mexico, Peru, Brazil, Chile and Argentina stocks.Mexico is in a strong uptrend, potentially a long term bullish reversal:
Brazil in a steady uptrend with no signs of slowing down:
Argentina in great shape, starting to improve after being beaten down for ages:
Chile:
Russia, huge double bottom, long term trend reversal to the upside, now shooting up after a pullback into support:
China, the ETF is taking off from a massive base, it can easily double from here:
Note
Good progress in all stocks mentioned here.In the long run, these are in good shape for a rally. Oversold dips are a good opportunity.
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This should be ready to move now.Note
Great move so far...I'd let this run, if you have no position in Argentina, maybe it's a good time to swap some allocation to it. EM has been great accross the board really.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.