ETF - Go Long on South Korea! $EWY
Updated
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.Related publications
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