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Watch These Asian Stock Breakout Picks

Published 01/23/2018, 12:39 PM
Updated 07/09/2023, 06:31 AM

China

The iShares China Index Fund (NYSE:FXI) has completed a 10-year massive symmetrical triangle on the monthly graph. By clearing the 2015 high this ETF has an upside target of 71.74. I will buy any slight reaction in this ETF, risking to 44.77.

iShares China Index Fund

Singapore

The Singapore Index (futures) has completed a multi-year rectangle on the monthly graph. I consider this to be a significant bull signal supported by fundamentals. The Shiller CASE Index suggests that Singapore is one of the most undervalued markets globally. I am willing to take a shot at the long side of this market on a retest of 398.1, risking about 75 basis points.

MSCI Singapore SGX

Singapore Index

Japan

This one published to Factor members in the past. The Nikkei 225's target of 24,010 from the underlying 10-week ascending triangle has been met. Factor remains long a tranche with a revised target of 24,830, having taken profits on a tranche.

Nikkei 225

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