Emerging markets at key support(s)

A look at the emerging markets ETF – EEM :

  • uptrend resistance line has been broken downwards.
  • volume increase is a warning
  • now siting on 50dMa, close the uptrend resistance line. This could be a fake move. A move further down could send it to 44.
  • a huge ascending triangle is forming, with 48,25 as a key resistance level.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s