South Korea ETF (EWY) Turnaround Chart Pattern
The South Korea ETF (EWY) has formed a classic turnaround chart pattern with a Rectangle Bottom break in March, and a break of the 200 day moving average in April.
The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent.
The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April 28 2015.
South Korea just beat on their GDP last week, growing 0.8% in Q1 2015. The consensus estimate was 0.6%.
South Korea is forecast to overtake France's GDP per capita by 2020.
Source: guerillastocktrading.com/stocks/south-korea-gdp-beats-and-how-to-play/
The 50 day moving average is approaching the 200 day moving average from down below and a Resurrection Cross looks imminent.
The South Korea ETF (EWY) has outperformed by S&P 500 by +600% as of April 28 2015.
South Korea just beat on their GDP last week, growing 0.8% in Q1 2015. The consensus estimate was 0.6%.
South Korea is forecast to overtake France's GDP per capita by 2020.
Source: guerillastocktrading.com/stocks/south-korea-gdp-beats-and-how-to-play/
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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.