$UAE Tightening wedge, along with large buy volume.Looking bullish here with the wedge, and the buy volume. should pop soon imo
Key stats
About iShares MSCI UAE ETF
Expense ratio
0.59%
Home page
Inception date
Apr 29, 2014
UAE offers vanilla coverage to a truly emerging market. The United Arab Emirates has progressed from frontier market status to emerging market status in the eyes of indexing-giant MSCI, and iShares wasted little time in bringing UAE to market. UAEs basket, while market-like, is nonetheless concentrated in a handful of stocks. The fund tracks a capped version of the benchmark index, which is a free float-adjusted, market capitalization-weighted index with a capping methodology applied such that individual components do not exceed more than 25% of the Underlying Index weight, and those with a weight more than 5% do not cumulatively exceed 50% of the underlying index weight. This places an upper bound on concentration. All in all, UAE offers exposure to a hard-to-access corner of the equity market.
Classification
What's in the fund
Exposure type
Finance
Communications
Stock breakdown by region
Wanna bet on oil?Good day folks,
A think this ETF provides a very good way of playing the oil market (indirectly) this year.
The price could have bottomed. We will see if 14.00 provides enough support. The stock also has a 12 months trailing yield of 4.91%.
Thank you,
UAE(Daily). Potential Wave structure within Channel.
Up Channel(16/12/2014).
Down Channel(4/5/2015).
Oscillation Wave points to approximately Price = 18.60 .June.
Downside continuation, break of Main Channel.
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