Time To Make A Bet On Brazil?

There’s a major potential opportunity brewing in global financial markets, yet most investors are funneled in on the correction in the AI space.

Brazil (EWZ) has broken out of its short-term downtrend line and is currently retesting its daily 200-EMA.

Off the bat, it’s important to understand that being bullish on Brazil partially also means being bullish on Commodities, given the high Commodity exposure that makes up Brazil’s stock market.

This stock market is currently retesting its multi-year breakout trendline.

While such breakouts can take sometime to wrap up the retest, as far as they hold above the breakout trendline, they tend to gain a significant amount of momentum.

This provides investors with an asymmetric risk-reward, but for those that are willing to take the risk before the upside momentum gets going.

So should we expect this breakout to hold and should we be positioning for more upside on Brazil?

That’s exactly what we’ll cover in the next section!

Find our membership cost/benefits below.

If you’re serious about Making Money (our primary goal at Cycles Edge), then the Premium Sections are key for you!