I SHARES MSCI CHINA INDEX ETF (ECNS)NYSE
  Report No. 2449    Analysis by: Harry Aloof     FEBRUARY 19, 2013

I SHARES MSCI CHINA INDEX ETF (ECNS-NYSE): Technical Viewpoint: From a low of $43.00 on Jan 28, 2013 prices rallied, reaching a high of $44.35 on Feb 1, 2013. A decline saw prices pull back, reaching a low of $42.82 on Feb 7, 2013. Another rally saw prices penetrate resistance line "A", closing 2/15/13 at $44.92. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Feb 11, 2013 when the solid line crossed the dotted line to the upside. Support: Remains at $43.72. Resistance: Is at $47.00. Point & Figure: Reversed to the upside on Feb 15, 2013. A P&F downside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! I SHARES MSCI CHINA INDEX ETF (ECNS-NYSE) @ $45.13 Stop: Use a protective stop of $43.13. I SHARES MSCI CHINA INDEX ETF is currently trading @ $44.92 plus $0.51 on Feb 15, 2013. Price Objective: $59.50. Risk/Reward: $2.00 VS. $14.38. Today's Risk Reward Ratio: 7:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $14.38
Risk/Reward Ratio:
7:1

 

 

home