Although EWZS fell sharply, it "stopped" at the lower end of its up trending channel as well as its 200 day moving average. Additionally, it managed to stay above an oversold condition in RSI, a bullish sign. Looks to be a good Risk/Reward entry point.
Trade closed: target reached
Charts Avenue
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Charts Avenue
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.