🔴 $EWZ just lost about a quarter of its value in a day, and a lot of money moved through it
$EWZ is down 25.61% in 24 hours, and it didn't happen quietly.
About $111 million changed hands over that stretch. That's a lot of money for a drop this sharp, which tells you big orders were involved, not just a few nervous holders heading for the door.
Who shows up in a fall like this? Two groups, mostly. Sellers who want out before it gets worse, and bargain hunters who see a quarter off the price and start buying. Bargain hunters tend to come in small and early, and often get stuck holding if the slide keeps going. Sellers with large positions usually cut in pieces, so the pressure can last longer than the first drop.
I can't see who is on either side from this data, so I won't pretend to. But that much volume means the move has real participation, and moves like this rarely settle in one clean step. Expect choppy, jumpy trading from here, with sharp bounces that may or may not hold.
It's now at $33.96 after a 25.61% drop, and the next few hours will show whether buyers or sellers had the bigger appetite.
$EWZ
$EWZ is down 25.61% in 24 hours, and it didn't happen quietly.
About $111 million changed hands over that stretch. That's a lot of money for a drop this sharp, which tells you big orders were involved, not just a few nervous holders heading for the door.
Who shows up in a fall like this? Two groups, mostly. Sellers who want out before it gets worse, and bargain hunters who see a quarter off the price and start buying. Bargain hunters tend to come in small and early, and often get stuck holding if the slide keeps going. Sellers with large positions usually cut in pieces, so the pressure can last longer than the first drop.
I can't see who is on either side from this data, so I won't pretend to. But that much volume means the move has real participation, and moves like this rarely settle in one clean step. Expect choppy, jumpy trading from here, with sharp bounces that may or may not hold.
It's now at $33.96 after a 25.61% drop, and the next few hours will show whether buyers or sellers had the bigger appetite.
$EWZ