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Technician
Dec 23, 2013 5:10 PM

EMC: Bullish Breakout Long

Global X Funds Global X Emerging Markets Great Consumer ETFArca

Description

-Shares completed a multi-week double bottom
-Bullish Outside bar breaks neckline of the double bottom
-Decent volume on break
-If price manages to hold above the 52 week average this week as well, that would increase the chances of further upside over the medium term.
-A potential upside target could be at 2013 highs near 27.30
-25.45 is another overhead resistance to watch
Comments
TLM
Thank you for posting.
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