Monday, January 29, 2007

Brazil is Hot! EWZ Chart.

EWZ is setting up for a nice pullback entry. While the solid uptrend and pullback to the 50 day moving average are nice, what really makes this stock attractive is the surge in volume this month. The big money is definitely flowing into this Brazilian ETF.

2 comments:

d said...

Eric from Happy Hour just touted it, looks as if words out.

I think it looks a bit toppy tho?

Wait n see.

d said...

Chart looks a bit toppy to me, Happy Hour on Fox's Eric, trader said looks good.

What do u think?