Hi all,
As I said on the other thread, I'm very much inclined just to lurk on the EEN threads, so this will probably be my only post here.
There have been a few posts recently with chart analysis for EEN. In its simplest form, here is mine:
The first warning signal was the breach of the short-term uptrend (blue line) after the interims. This was followed shortly by a clear intraday violation of the lower level of the medium-term symmetrical triangle (magenta lines) on Friday, which I take to be a much more serious omen. Today saw the price return to (and close at) the lower level, so a further fall will likely see the break-out from the triangle confirmed. Such action would normally lead to quite a substantial fall in price over the short-medium term.
Tomorrow will likely prove fairly crucial from a TA aspect.
Just my opinions,
Alex
Claymore Exchange Traded Fund Bny Mellon EW Euro Pacific stock quotes
Claymore Exchange Traded Fund Bny Mellon EW Euro Pacific stock charts
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