MSCI Mexico Investable Market Index Fund (EWW) : Short Sell @ $64.55
Trading Central | Nov 26, 2013 11:46PM ET
From a technical view, the ETF has struck against a key declining trend line drawn from the top of August 2013. Regarding technical indicators, the daily MACD is going to push below its signal line while the daily RSI is reversing down from a strong resistance. On a relative basis against the IVV S&P500, the iShares MSCI Mexico Investable Market Index Fund is capped by a bearish trend line which maintains downward pressure.
Trading strategy:
Short Sell at $64.55 - Stop loss at $66.85 - Target at $58
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