below local/trend resistance and recent support acting as resistance for now, not a good sign for longs. Watching for longs above 58.02, shorts below 55
I have moved in puts across all indexes a banking event jan 26
Short EWT with 2.4N SL (S3) Rising wedge breakout possible wedge re-tested
Was wondering why Asia looks like crap tonight, Taiwan is getting rekt.... down over 5% Keep an eye on EWT, this may wind up on my trade list
I might be being a bit over-optimistic here as always you can find a count that fits a more bearish direction if you look for it. I like this one however for now but I am still curious if, when and where we are going to see a decent wave 2 correction/pullback before it continues higher. Since the "crash" in February, it, along with many other indexes has been...
Money Wave Buy Signal on EWT when the Stochastic Closes > 20. stockcharts.com
Targeting the three zones below $EWT
Taiwan index topping out in wave 5 near the upper part of the channel.
Gut instinct tells me we are going to test the $28 in the next month of 2.
BUY ENTRY 30.62 SL 30.42 TP1 31 TP2 31.23
Taiwan's fate is intertwined with China's. China is tightening liquidity in the country to try and temper inflation. This should reverberate through the rest of the world over the next month or so. Taiwan looks technical week on a daily and monthly basis.
Detected a "Symmetrical Continuation Triangle (Bearish)" chart pattern formed on iShares MSCI Taiwan ETF (EWT:NYSE). This bearish signal indicates that the stock price may fall from the close of $13.21 to the range of $12.70 - $12.80. The pattern formed over 15 days which is roughly the period of time in which the target price range may be achieved, according to...