Stock Chart Analysis EWY
iShares MSCI South Korea Index Fund(ETF) (Public, NYSE:EWY)
EWY broke under a trendline in late July on a marked increase in volume. It appears that the recent bounce is a technical one and that the ETF will soon resume falling lower. While I wouldn't count on new lows under 52.60, it may go back for a full retest.
Good Trading,
Joey
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