NASDAQ:EUFN   ISHARES MSCI EUROPE FINANCIAL SECTOR INDEX FUND
I called out EUFN             as a potential short on bad news for European Investment Banks. Although I cashed in on a pretty sweet trade, I still think this ETF has room to tumble. Notice that it is still solidly within a large Ichimoku cloud of resistance, and it does not appear that this asset has near enough momentum on the upside to break out. The OBV, MACD , and RSI all seem to indicate a downward trajectory. With think volume , this asset likes to gap, so we can perhaps bet on a big gap downward tomorrow (although we may see a slight retracement before the big move). Note that we are in a relative vacuum zone and there is a strong level at around 21.03, and another at 20.58. With continued QE             from the ECB, and the FED threatening to raise interest rates, this definitely might be a good short position to hold onto for a while.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out