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Oct 23, 2014 2:55 PM

EEM (Daily). Oversold bounce, Next in line. Long

iShares MSCI Emerging Index FundArca

Description

EEM Daily.

Emerging Markets have been lagging somewhat on the
oversold rebound. While this has held the 2008 uptrend_line,
and diagonal support, followed by bullish reversal similar to main markets, breaking the downtrend_line. Emerging Markets Currency Index has been rebounding, reaching some resistance.

RSI broke out from the lows, at 39.
MACD cross_over.

Target_1 : 42.14
Target_2 : 42.50

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