IEMG Emerging markets Bull flagThere is a bull flag forming on IEMG. I am waiting for a test of the 0.382 fib which also lines up with previous support.
Key stats
About iShares Core MSCI Emerging Markets ETF
Asset Class
Equity
Focus
Total market
Expense ratio
0.09%
Inception date
Oct 18, 2012
Issuer/Brand
BlackRock, Inc./iShares
Homepage
Index tracked
MSCI EM (Emerging Markets) IMI
ISIN
US46434G1031
What's in the fund
Exposure type
Finance
Electronic Technology
Stock breakdown by region
IEMG ETF Retest of level 48.89Idea:
SL < 48.81
BUY < 49.57
Fundamental:
- Pro: NAV is big enough
- Pro: IShares ETF is liquid enough
IEMG Emerging Mkt: bottom is in; see TP for waves 3 & 5IEMG made a bulltrap with a long hammer in this monthly chart. RSI oversold.
It went back inside the pitchfork upchannel.Wave 1 of 3 has bottomed out.
The target price for wave 3 is 90 (FIBO Ext), a 55% profit from the 58 price.
Final wave 5 target projected at 1.618 FIBO is around 111.
Not trading
Emerging Mkt ETF: BULLFLAG will make a 55% run from current 58IEMG has very high probability of reversing due to the recent formation of a diamond pattern.
Some more downside move to the base of pitchfork is still possible but unlikely due to the BULLFLAG formation. Also smart money has already been accumulating with increasing volume during this flag consolid
Trends in select Emerging Markets (& smaller markets) via ETFsRecent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
iShares Core MSCI Emerging Markets ETFCost: $ 52.27
Annual trading range: $ 35.66-55.45;
Dividend Yield: 3.51%;
Wealth Management Cost: 0.13% per year (i.e. $ 13 for every $ 10,000).
iShares Core MSCI Emerging Markets (NYSE: EEM) ETF (NYSE: IEMG) invests in 2,476 large, medium and small companies. The five largest sectors are represent
IEMG Ascending WedgeForming a wedge since the local bottom in March. I would expect it to break down further.
Looking into IEMG ETF, why it performs so poorly?Why it performs so poorly compared to its top 10 components?
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