MSCI Brazil Index Fund: Buy At $48.65
Trading Central | Nov 16, 2013 11:49PM ET
From a technical view, the ETF is bouncing off its 20-week moving average which is turning up. Regarding technical indicators, the weekly MACD has pushed above a key bearish trend line while the weekly RSI is reversing up from its neutrality area increasing upward momentum On a relative basis against the IVV S&P500, the iShares MSCI Brazil Index Fund is reversing up from a support area and looks set for a rebound.
Trading strategy:
Buy at $48.65, Stop loss at $45.40 - Target at $57.35
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