Time to go log scale on Peru (EPU)?

We highlighted the iShares MSCI Peru ETF (EPU) as bullish in our July 16, 2025 The Stock Pulse. EPU has since melted up, exceeding pattern counts at 72.00 and 84.50. Last week's upside gap at 79.29-78.45 provides a risk management level.

Chart 1: iShares MSCI Peru ETF (EPU): Weekly chart

Is it time to go "log scale" on EPU?

The logarithmic scale chart tells us what is possible on a longer-term basis and shows additional upside potential toward big base pattern counts at 112 and 147 if EPU continues to rally.

Chart 2: iShares MSCI Peru ETF (EPU): Weekly logarithmic scale chart