South Korea ETF (EWY) Turnaround Chart PatternThe South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April.
The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent.
The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April 28 2015.
South Korea just beat on their GDP last week, growing 0.8% in Q1 2015. The consensus estimate was 0.6%.
South Korea is forecast to overtake France's GDP per capita by 2020.
Source: www.guerillastocktrading.com
