As with yesterday’s updates on Lithium and REE, we do a ‘+’ on the Malaysia iShares for those who might be interested and send it to the entire list, as it is more of a macro chart and not a dynamic trading situation. I am simply digging up charts that I find interesting from around the global asset markets.
If EWM breaks through current resistance it would fill the gap and set a target of 14.75. MACD is constructive and RSI is about to go 50+. It looks worth a shot (technically) for Asia aficionados who have done their fundamental homework.
Buy Target: 13.50-13.75, in anticipation of resistance break.
Sell Target: 14.75
Stop Loss: Below 13.40 as suits risk tolerance.
A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.
