EWZ

EWZ is exhibiting a Lockout Rally in a Stage 3 distribution environment, with strong near-term extension but medium-term distribution pressure. Long-term uptrend remains intact above the rising 200 DMA. Under the Stable strategy, defer bullish entry and consider trimming into the resistance cluster around recent highs.

• ↑Momentum indicator turned positive with 90% chance of upward move.
• ↑52-week target of $38.51 implies ~7% upside from $36.03.
• ↓Political tensions ahead of October election elevate market risk.