Mike Zaccardi, CFA, CMT 9.94K Followers

Summary

I reiterate a buy rating on iShares South Africa ETF (EZA), citing a bullish technical setup and compelling valuation.

EZA trades at less than 8x earnings with a PEG ratio under 1x and a dividend yield above 7%.

Exposure to Financials and Materials, plus strong seasonality from November to January, supports the bullish thesis.

Key resistance lies at $72–$74; a breakout could target the mid-$80s after a quarters-long consolidation.

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Amid all the drama, fanfare, and volatility associated with the results of the U.S. midterm elections, a sneaky bullish move was seen on gold's chart. Pictured below, a bullish false breakdown augurs for significant year-end strength in the yellow metal.…