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Long

South Korea ETF (EWY) Turnaround Chart Pattern

AMEX:EWY   ISHARES MSCI SOUTH KOREA CAPPED ETF
The South Korea ETF ( EWY             ) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April.

The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent.

The South Korea ETF ( EWY             ) has outperformed by S&P 500             by +600% as of April 28 2015.

South Korea just beat on their GDP last week, growing 0.8% in Q1 2015. The consensus estimate was 0.6%.

South Korea is forecast to overtake France's GDP per capita by 2020.

Source: https://www.guerillastocktrading.com/stocks/south-korea-gdp-beats-and-how-to-play/
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