FXI is showing a morning star pattern on the daily and a double
bottom type pattern - if it holds through the day. FXI has
been range bound for most of a year. I don't think you can
take it longer than a trade at this point but at least maybe to the
50 D MA. I'd hang a little while and wait to see how the
candles finish the day.
FXI at support Bottoming on D
Posted by johnc on 13th of Jul 2011 at 11:18 am
FXI is showing a morning star pattern on the daily and a double bottom type pattern - if it holds through the day. FXI has been range bound for most of a year. I don't think you can take it longer than a trade at this point but at least maybe to the 50 D MA. I'd hang a little while and wait to see how the candles finish the day.
here is anice chart too
Posted by zach06 on 13th of Jul 2011 at 11:24 am
http://chart.ly/q9s4gsj