ETF - Go Long on South Korea! $EWY

The ETF on ASX is $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.

הפקודה בוטלה:

Invest in China or Tencent instead.