Cautious on EWA

  • EWA bounced nicely on the 50d MA
  • the 50dMA shows to be a key support for the last months, nicely in an uptrend
  • We had nace gap up on friday
  • The resistance is at 26.35. So there is short term (days) potential
  • I see however a rising wedge, wich could turn things bearish
  • Stop loss at 25.2

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