iShares MSCI Germany ETF: Buy At $27.5
Trading Central | Jan 18, 2015 12:41AM ET
TECHNICAL VIEW
(iShare MSCI Germany (ARCA:EWG) Daily chart)
*a long term falling broadening wedge was confirmed
*a short term falling broadening wedge is taking place, adding upward pressure
Regarding technical indicators:
*the 50-day moving average (in blue) is still rising
*the recent upward moves were accompanied by large volumes
On a relative basis against the iShares Core S&P 500 (ARCA:IVV) S&P 500 ETF:
*the (EWG) iShares MSCI Germany ETF has broken above a declining trend line. Look for a rebound on the ratio EWG/IVV.
- LAST: $27.50
- ENTRY: 27.50 [possible entry area: 27.00 - 27.90]
- STOP: 26.10 (-5.09%)
- TARGET 1: 29.45 (7.09%)
- TARGET 2: 30.10 (9.45%)
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