Thursday, September 10, 2009

Taiwan Index Fund - On The Move!



One ETF that's really starting to make a move is the Taiwan Index fund, symbol EWT. As you can see in the above weekly chart, this ETF has broken out of a 4 month ascending triangle formation. The upside target based on this pattern is 13.50

2 comments:

Anonymous said...

Great post as always. I follow the Taiwan market very closely. Looks like the chart is going to breakout on daily and weekly price chart with Bollinger band width surging from low level as well. But my question is that the index RSI14 is near overbought level, and it did pull back the last few time when it was at overbought level.


George

Anonymous said...

Kevin,

What's the stoploss? Thx!

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