EEM and the 7 dwarfs
Updated
Look at the 7 dwarfs that is highlighted in aqua bubble. Price went below the 21EMA but touches the black ascending trend line and rebounded, not once but 7 times. It is at its peak once more, will it retrace and rebound OR is it time to head south ?
A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance, etc and these are the stocks that are making new high and appearing on media ever so often.
Like to hear some comments.
A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance, etc and these are the stocks that are making new high and appearing on media ever so often.
Like to hear some comments.
Note
now it touches the ascending channel line. Wait for the next candle close to give further confirmation on the new direction - rebound or break down of support line.Goto lower time frame to see the price action as well.
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Some of us might have got their SL hit when the price action went below the diagonal trend line. But it offers a 2nd chance on 22/12/17 last year and it is going up stronglyCongrats to those who still hold, take some profits if you can, possible retracement ahead.
Note
express.co.uk/finance/personalfinance/902626/stock-markets-investment-china-sharesWhat better way to start your 2018? Congrats to those who follow
Note
Reaching a nice peak of 52, it suffers the 10% correction like all major indices and offer late buyers another opportunity to buy. Congrats to those who followed.
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