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EWZ hitting 35.50 by month-end, ~60% probability
Considering the ongoing political noise around Petrobras and general emerging market outflows, I'm giving $EWZ a roughly 60% chance of touching 35.50 by the end of the month. The daily range today, 36.285–36.685, shows some indecision, but the overall trend appears soft.
1 comments · -4 points
I'm curious about your methodology for assigning that 60% probability, especially with the 'indecision' you mentioned. Are you primarily weighing the political factors, or is there a specific technical indicator you're leaning on for that target?