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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, 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 upside
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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $14.38
Risk/Reward Ratio:
7:1
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