It looks like it's broken out of a very long term resistance. This is a monthly chart but you can also focus in on the weekly chart of the last year. It looks the same! So, not a good shorting entry in my opinion.
I'll watch this for a bounce off of an overhead resistance line.
Wednesday, March 15, 2017
EWI
I was thinking short but decided it looked like a bullish breakout!
It looks like it's broken out of a very long term resistance. This is a monthly chart but you can also focus in on the weekly chart of the last year. It looks the same! So, not a good shorting entry in my opinion.
I'll watch this for a bounce off of an overhead resistance line.
It looks like it's broken out of a very long term resistance. This is a monthly chart but you can also focus in on the weekly chart of the last year. It looks the same! So, not a good shorting entry in my opinion.
I'll watch this for a bounce off of an overhead resistance line.
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