ETF - Go Long on South Korea! $EWY
The ETF on ASX is 
IKO South Korea, iShare MSCI South Korea.
This ETF tracksEWY in the US Market.
I like this wedge chart pattern here, we are still trading sideways since the start of the year.
A breakout is coming,
currently, the price is still above all three moving averages, (21,50,200).
Therefore, it is more likely to break out into the upside.
Buy on a breakout and close above $94.75.
IKO South Korea, iShare MSCI South Korea. This ETF tracks
EWY in the US Market. I like this wedge chart pattern here, we are still trading sideways since the start of the year.
A breakout is coming,
currently, the price is still above all three moving averages, (21,50,200).
Therefore, it is more likely to break out into the upside.
Buy on a breakout and close above $94.75.
Order cancelled
Invest in China or Tencent instead.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.