Stock Chart Analysis EWY

Posted by downtowntrader | 8/27/2007 10:27:00 PM | 0 comments »

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,


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