EEM Stuck Below MA
EEM is trending in a down-up counter trend. It has failed over the last 8 months to close above its Moving-Average on a weekly basis. I am using the 16-day Moving Average (representing 3 weeks +1 of trading days), but you can play with the period and you will see similar results.
EEM is currently testing close to its 16-day Moving Average and near the top of its channel resistance line. This is telling me that there is a strong possibility for the price to drop further down over the next week or two.
I think taking a sell-limit at $39.00 with a buy-stop at $40.61 (its 16-day Moving Average), and a take-profit at $37.58 (a previous resistance level tested) is the way to play this trend trade.
EEM is currently testing close to its 16-day Moving Average and near the top of its channel resistance line. This is telling me that there is a strong possibility for the price to drop further down over the next week or two.
I think taking a sell-limit at $39.00 with a buy-stop at $40.61 (its 16-day Moving Average), and a take-profit at $37.58 (a previous resistance level tested) is the way to play this trend trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.