NFTRH+; Asia (ex-Japan)

A simple look at the daily chart of the Asia (ex-Japan) iShares, AAXJ, which appears in the Global Stock Markets segment each week.

It has held the SMA 200, fanned above 2 trend lines, the SMA 50 and today is breaking to a new high above the April and May highs. If this holds up, the black arrow notes the measured target. There is no rule that the target would stop the price however, if global markets remain firm.

This is an in-day, in-week situation and could of course, reverse. But as it stands now, I think it is notable nonetheless.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the buy, sell, stop parameters are already noted. They are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason), which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.