A breakout so far has NOT happened for EPI at this time. A push above resistance would reflect positive price action for EPI and would most likely attract buyers!
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Wednesday, February 26, 2014
India to Take Out Resistance and Breakout?
It's been a rough few years for Emerging markets, and India is no exception! From a shorter-term view the India ETF (EPI) is reflecting some year-to-date relative strength compared to EEM, which has now brought it up against a yearlong resistance line (see the chart below).
A breakout so far has NOT happened for EPI at this time. A push above resistance would reflect positive price action for EPI and would most likely attract buyers!
Please share this article
A breakout so far has NOT happened for EPI at this time. A push above resistance would reflect positive price action for EPI and would most likely attract buyers!
Please share this article
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