bull flags? there is a 5 years uptrend line holding the price as of now
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...
Structural bottom looks like it's in place. Good risk/reward. Update 4/24: Adding to my position at 16.82