novvoll12
Long

FXI 38.59 bullish – Potentially forms a rising channel

AMEX:FXI   ISHARES CHINA LARGE-CAP ETF
FXI
6 0 0
fxi
FXI             38.59 bullish – Potentially forms a rising channel


FXI             rebounded strongly off 34.32 (September 29, 2015 low) to reach 38.91 (October 7, 2015 high), potentially forming a rising channel (as shown on the daily chart ). The rising indicators suggest further upside is expected towards 40.64 (August 13, 2015 high) and 41.55 (August 10, 2015 high), near 38.2% of the 52.85/32.80 fall. On dips, 37.02 (October 6, 2015 low) offers immediate support. Below lies 35.85 (October 2, 2015 low and 20 day moving average). If the bears are able to break below there, that would signal further range-bound action within the channel.
Outlook:
Daily: bullish
Weekly: neutral
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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