$EWZ - BRAZILIAN MARKET ETF - SAFE HAVEN -
Added 2024-02-20 11:52:28 +0000 UTCOn the weekly chart, there was signs that $EWZ was breaking out of this long resistance line since 2011 at the end of 2023 but on the retest, it did not hold above the yellow line, however, it is now testing the 200 MA on the weekly chart and we can see that the 50 MA is also there for support.
This is looking like a strong support level.
A bounce here and $EWZ will get its attempt to break out of this long resistance level again at $33.50
I like what I see here in terms of a Safe Haven.
