It's been down for nearly 10% and still no sign of recovery.
With the global stock market going on a freefall, EEM will not be spared as well. So, cheap can get cheaper.
Trade safely, always use a SL and employ appropriate risk and capital management.
With the global stock market going on a freefall, EEM will not be spared as well. So, cheap can get cheaper.
Trade safely, always use a SL and employ appropriate risk and capital management.
Comment:
I suspect it will come down to the support level at 41.86 as the latest news on South Korea coronavirus !
Comment:
It is now reaching the 2nd level of support at 40.29. Please be extra patient and not hurry to buy in now. Yes, the words - be greedy when others are fearful is so loosely used that everybody thinks if others are selling, then I must be buying. If only it is that simple. Unless you have a big warchest to keep averaging down, then cheap can get cheaper as we had witnessed how the global indices have fallen over the last one week. Had you bought in mid week, you are likely to be in the red or get stopped out. Why waste your ammunition unnecessary ? Patience can saves your day , use it wisely.
Comment:
What a nice bullish candle piercing through the bearish trend line , notice it was closed above it and the next candle , 2 Mar is above the support 40.29. Good time to add long
Comment:
stay calm. if you had long at 42 around the breakout of the bearish trend, then you are only down by 2 dollars. So do not panic unnecessarily and follow the crowd to sell your position.
Could his prediction be spot on ?