Higher Prices Expected in iShares Japan (EWJ)
My work is telling me to expect higher prices in the EWJ, especially if the price structure hurdles and sustains above 13.75, which should trigger upside acceleration into the 14.10/20, and then to 14.50/60 thereafter. At this juncture, only a decline that breaks 13.20 will begin to seriously compromise the developing near-term bullish pattern.
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