On this chart we can see head and shoulders, which is a bearish pattern.
Take the short position once the breakout of the neckline occurs.
Stop loss should be set above the right shoulder.
Target is shown on the chart.
Aust economy seems to be doing well despite Russian invasion causing supply problems in Natgas & wheat.
Aust is rich in natural resources. So maybe EWA is also a good hedge against FED increasing interest rates to control rising inflation. (I hope it is not too late because the 2yr-10yr yield is very near zero. The short term rates rose tremendously in the last...
As you can recall in the link below, I have been looooong Australia for a looooooong time.
Last time Australia had a recession pre-covid was 1990. This is their first recession in 30 years, and is exactly the time to build up your dividend dedicated strategy play here.
I have made suggestion on may fund strategies ranging from delta neutral option making IC...
... for a 1.41 credit total.
Notes: This isn't paying much from a credit standpoint and isn't the most liquid thing in the world, but wouldn't mind acquiring shares. Currently a 6.20% yield.
