From a technical view, the ETF is bouncing off its 20-week moving average which is turning up. Regarding technical indicators, the weekly MACD has pushed above a key bearish trend line while the weekly RSI is reversing up from its neutrality area increasing upward momentum On a relative basis against the IVV S&P500, the iShares MSCI Brazil Index Fund is reversing up from a support area and looks set for a rebound.
Trading strategy:
Buy at $48.65, Stop loss at $45.40 - Target at $57.35