novvoll12
Long

FXI Bounces off 20 day moving average to focus wedge resistance

AMEX:FXI   ISHARES CHINA LARGE-CAP ETF
FXI
9 0 0
fxi
FXI             36.93 bullish – Bounces off 20 day moving average to focus wedge resistance


FXI             rebounded strongly off 34.32 (September 29, 2015 low) at rising wedge support to break above the 20 day moving average, extending gains to 36.99 (September 21/October 2, 2015 highs). A clean break above there would complete a bullish weekly reversal and prime bulls for 37.55 (near the 50 day moving average). Above lies the 37.94 range high (September 17, 2015). A decisive push through there would confirm basing and offer scope for 40.64 near 38.2% of the 52.85/32.80 fall. The 35.85 area (October 2, 2015 low and 20 day moving average) should hold dips. If the bears are able to break below there, that would suggest further range-bound action within the wedge .

Outlook:
Daily: bullish
Weekly: neutral
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out