EWZ…Brazil

Brazil…is playing catch up. This put in an ORH day yesterday.
there are resting stops over 55.52.

Although this is short term overbought, the long term maps look good for a move
toward 60.

Strategy…It would be nice to put on some FEB  57/60 call spreads on any weakness in the low 54’s.
As long as this remains above 53 it remains firm.

121219_105835_CQG_IC_Chart_S_EWZ_-_iShares_Brazil_Daily

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