novvoll12
Long

FXI 39.19 bullish – Posts new 2-month highs

AMEX:FXI   ISHARES TRUST CHINA LARGE-CAP ETF
FXI
7 views
0
7 0
fxi
FXI 39.19 bullish – Posts new 2-month highs

FXI extends the rally off the 34.32 higher low(September 29, 2015) to reach new 2-month highs. Improving momentum suggests there is scope for further upside towards 40.45 (38.2% of the 52.85/32.80 fall). Above would expose the 41.55 lower high (August 17, 2015 weekly high). The 37.02 area offers immediate support. However, a break down below there would caution for prolonged consolidation towards 34.32.

Outlook:
Daily: bullish
Weekly: bullish
Monthly: neutral

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out