Worth a look for medium term investing.
Started looking at this share on tip by Jim Slater and allows a relatively safe exposure to Brazil. Rate of growth is good.
Hoped that I might trade but soon realised that intraday trading could be wide
and that it had horrendous spikes Don't know why.
Ignoring these and using regression channels I think it tradeable and as there isn't any duty which is quite useful.
The share price bounces of the channels in general.
I hold EFT shares in them, but although the spread is small you have to be careful about intra-day wandering and I use a limit sell and buy.
Difficult to use trailing stops because of spike.
No difficulty on dumping.
I can't seem to show regression lines on these charts and used the 65 MA. to show support.
Anyway I have attempted it.
Will pop up the China charts sometime.
Going suffer being beaten by my grandson at chess for a rest!
Stock EFT IBZL
Range 5years.
Linear Line chart
Mov Average 50 and 150 (Tried log but linear better picture.)
Indicator Volma. MACD 12,26 RSI , ATR
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