Emerging Markets

As many Chartered Market Technician say... Keep it clean and simple.

So here we are with a clean and simple daily chart on the iShares MSCI Emerging Markets Index Fund ETF ($EEM). Since March 2017, it has been trading in a well defined uptrend channel. With the last few trading days being on the downside for $EEM, it is slowly coming back to the lower band of the channel. This would provide a good risk/reward ratio to go long, especially taking the RSI into consideration (still in a bullish range).

#EEM