I SHARES MSCI CHINA INDEX ETF
Technical Viewpoint: From a low
of $40.89 on Sep 26, 2012 prices
rallied, reaching a
high of $46.20
on Nov 2, 2012. A
decline saw prices pull back, reaching a
$43.16 on Nov 16, 2012.
Another rally saw prices penetrate
resistance, closing 12/31/12
at $48.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 31, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.72. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 10, 2012. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! I SHARES MSCI CHINA INDEX ETF
(MCHI-NYSE) @ $48.63 Stop: Use a protective stop of $46.63.
I SHARES MSCI CHINA INDEX ETF is currently trading @ $48.50 plus $0.93 on Jan 2, 2013. Price Objective:
$63.00. Risk/Reward: $2.00 VS. $14.38. Today's Risk Reward Ratio: 7:1
Daily Candle Stick Chart
Point & Figure Chart
View full size chart
$2.00 VS. $14.38