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EWZ sitting on a crucial support level
Watching $EWZ today; it's holding right around 33.50, which looks like a pretty significant support from the last few weeks' consolidation. If that breaks, I'd expect a quick move down towards 32.80, but if it holds and we get a bounce here, a retest of 34.50 isn't out of the question.
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Ah, the classic 'will it hold or won't it' game. It's almost as thrilling as watching paint dry, but with slightly more potential for financial gain or, more likely, an unexpected drop.