EWZ
🇧🇷 This chart compares Merval against EWZ (Brazil’s stock market) to determine which is more convenient to be positioned in.
📈 From 2014 to 2019, they were lateral; after the 2019 PASO, Merval fell more and EWZ less. From 2022, Merval’s bull market began, leaving EWZ far behind.
🤔 Since the beginning of this year, there’s been a strong correction in favor of Brazil. After touching the 200-day moving average, it seems to have found a floor and rebounded, suggesting it might be more convenient to be positioned in Argentina than in Brazil, at least in the short term.
@ClaveBursatilTV:
“Now, let’s see another indicator, which is the Merval compared against the EWZ, the Brazilian stock market. This chart tells you whether it’s more convenient to be positioned in Merval or in the EWZ. Let’s see that from 2014 to 2019, we were lateral. After the 2019 PASO, Merval fell more and EWZ fell less. And from 2022, Merval’s bull market began, leaving EWZ far behind. But since the beginning of this year, we are experiencing a strong correction in favor of Brazil, which, after touching the 200-day moving average, seems to have found a floor and rebounded. So, could it be that from now on, at least in the short term, it is more convenient to be positioned in Argentina than in Brazil? This chart suggests that this is possible.”
Viewers can see the exact part of the YouTube video where @ClaveBursatilTV discusses the stock here:
View the video on YouTube.
Read more articles analyzing EWZ at the following link. EWZ stock.
