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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Hot Brazilian Low End Action

chessNwine Tue Apr 19, 2011 3:51pm EST 7 Comments

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The $76 level continues to be significant for the EWZ (ETF for Brazil). You can see the hammer yesterday below it, and follow-through to the upside today. Many South American stocks are moving nicely, including MELI. Also, do not forget about Brazilian grocer CBD, which is still sporting a sexy chart. Above all else, continue to watch that $76 level closely on the EWZ to see if it can hold as bonafide support and send Brazilian stocks higher.

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7 comments

  1. Po Pimp
    Po Pimp
    April 19, 2011 at 3:53 pm

    I clicked on this post to see what pic would be included. I was not disappointed.

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  2. Nicola
    Nicola
    April 19, 2011 at 4:02 pm

    pfft

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  3. Nicola
    Nicola
    April 19, 2011 at 4:05 pm

    I meant to say what about VALE 😉

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