Emerging Markets Showing Real Signs of a Reversal in Trend

By | March 16, 2016

A large bullish engulfing candle has formed on the iShares Emerging Markets ETF (EEM) daily chart and encompasses the overall ranges of the previous eight candles. Recent price action has already taken out a long term downtrend line and a move back above the declining 200 day moving average would have intermediate term implications for the lagging market.

99647. EEm chart

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