EWA - head and shoulders 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.
Key stats
About iShares MSCI Australia Index Fund
Expense ratio
0.50%
Home page
Inception date
Mar 12, 1996
ISIN
US4642861037
EWA tracks a market-cap-weighted index of Australian stocks. As the index includes companies of any capitalization, it captures about 85% of the publicly available market, excluding most small-caps. The index includes securities that are Australian according to the MSCIs country classification, together with companies that are headquartered or listed and carry out most of their operations in the country. The fund typically engages in securities lending, which brings revenues to the fund, at the cost of slight counterparty risk. The index is reviewed quarterly starting every February with semi-annual index reviews in May and November.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Stock breakdown by region
EWA Aust Index BO of big 2008 downchannel; making bullflagAust 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 ve
Still in Australia; still collecting the massive 5.7% dividend.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 ma
OPENING (IRA): EWA SHORT PUT LADDER... 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.
More Upside?Anticipate more upside. This is a view that is correlated with the long side of gold, short side of USD/JPY, long side of bond price. It is betting against the trumpflation.
My thoughts here is a continuation from the last months cool down from the trumpflation.
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