It has bounced from support at 70 and 72.5. Now we see that there will be resistance at the 100 DMA. If EWZ can manage to pass 78 in the next few trading days, then we can approach all time highs very soon after!
Thursday, January 31, 2008
EWZ Update
Lets look at the development of EWZ.
It has bounced from support at 70 and 72.5. Now we see that there will be resistance at the 100 DMA. If EWZ can manage to pass 78 in the next few trading days, then we can approach all time highs very soon after!
It has bounced from support at 70 and 72.5. Now we see that there will be resistance at the 100 DMA. If EWZ can manage to pass 78 in the next few trading days, then we can approach all time highs very soon after!
