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ISHARES BRAZIL ETF (EWZ) – Weekly

Currently: Long Looking to: Sell @ $39.50

As of 3/19/21 close: $34.25

LAST WEEK: We suggested buying near $31.48 with stops on a daily close below that level and with an upside target of $39.50.

UPDATE: The iShares Brazil ETF (EWZ) has started to rally as we expected. It should continue higher – especially if crude oil’s decline stops soon.
Get long near $33.00 with stops on a daily close below $32.70 and with an upside target of $39.50.