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An Opportunity Presents Itself In Singapore ETF

Good morning and happy Monday everyone! You may remember in my first blog of 2019 I highlighted an opportunity in $EWZ, an ETF tracking Brazil. Here is that article as a refresher:

“Brazil Bout Ta Get Naughty”

I still have the lines drawn on that same chart and you can see what price has done in the month since the article was published:

 

I think the $EWS (Singapore ETF) looks similar to EWZ before the move higher:

 

Price rests upon a bed of support comfortably, as it waits to follow in the footsteps of a country over 10,000 miles away.

I started my week by taking some March calls as a starter here.

Trent J Smalley, CMT

Posted by Trent

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