EWZ weekly - short term be cautious - 9/30/2016
It has been stalled for 7 weeks, MACD turns negative and RSI rising wedge breaks. Price is still holding well but I am watching the blue support line carefully.
Overall up trend is intact given the rising 40 week moving average, any drop less than 20% should be seen as a healthy correction and should be bought given the up trend bias.
Overall up trend is intact given the rising 40 week moving average, any drop less than 20% should be seen as a healthy correction and should be bought given the up trend bias.