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BBD - Play The Uptrend In Brazil With These 3 Trades
Banco Bradesco Sa American Depositary Shares
The Brazilian stock market has been in a strong uptrend with great momentum after it emerged from a multi-year base about a year ago, Cerundolo Investment Research’s Guy Cerundolo told viewers of Real Vision’s Trade Ideas.
“Even a one-eyed technician with a crooked ruler can see that the IBOVESPA [the benchmark index of about 60 stocks that are traded on the Brazilian stock exchange] has a phenomenal long-term base and a great trend coming out of it,” he told Real Vision’s Justine Underhill.
The Trades
First off, Cerundolo likes the iShares MSCI Brazil ETF (