Latin America 40 to the rescue?! A look at ILF.

19 Oca 2022

I'm scouring planet Tradingview to look for bullish signs. Let me tell you, it hasn't been easy. So I wandered out of the country to see if the rest of the world is doing as poorly as our domestic markets in the U.S. appear to be. Alas, I present you with ILF, the iShares Latin America 40. It's been getting bombed out for 9 months now, and according to the regression channel it has broken upwards and has closed there long enough to imply a valid bottom has formed. As you can see from the volume, it also indicates something in the trend is changing. The MACD is above 0 for the first time in a very long time as well. Is it a go? If you're aggressive, sure. If you're a little more shell-shocked from recent market moves you can wait to see if it passes above $25.50, which would be a very solid indication the trend has indeed reversed and won't bear flag on you. I'm in the latter group at the moment.....mostly because I have my tail between my legs from some growth stocks that crapped the bed recently. I'll go long when it's above $25.50 just to make sure I don't get whipsawed yet again.