Bullish Momentum Building!I'm seeing strong potential for a bullish surge in NASDAQ:EEMA - MSCI Emerging Markets Asia ETF. My prediction suggests a call position around $69.00, with a strategic stop just below the latest long wick observed in early 2022. To confirm the uptrend, I'm patiently waiting for a confirmation candle, along with the RSI hitting above the baseline, which is zero. This dual confirmation will add the necessary confidence to enter the trade.
Considering the overall market scenario, I find Emerging Markets particularly appealing due to their better risk appetite in comparison to Developed Markets. Geopolitical and economic conditions in Emerging Markets have been more favorable, making it an attractive destination for investors seeking higher returns. With the recent wave originating around $100.00, I plan to take partial profits around $100.00, while closely monitoring the ongoing market trends for potential further gains.
