EWA heading for “closing the gap” ?

Some short reflections on the chart of EWA (Australia iShares) :

  • higher lows are being stamped
  • mid june we had a ‘small’ gap up
  • end of june we had a gap down
  • we had a bounce on the support line of the previous higher lows
  • a new higher high is around the 200d MA
  • Closing the gap to 20 is a first step
  • Breaking the 20 level could me going for a higher high

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