...EMERGENTI VISTO DAL SISTEMA DEMARK : CONFERMA DELLO SCENARIO BULLISH DI LUNGO PERIODO ANCHE PER IL PETROLIO
LA FASE DI STABILIZZAZIONE E' ANTICIPATRICE DEI PROSSIMI MESI AL RIALZO
There are a few asset management firms calling emerging markets as the “trade of the decade” based on valuations. See Bloomberg article here:http://www.bloomberg.com/news/articles/2016-02-26/trade-of-decade From a TD perspective, there may be some truth to that. From the monthly chart of the iShares Emerging Markets ETF (EEM), a qualified TD Buy Setup @9 will likely record this month. Combined with the true low of the active TD Buy Setup @9 is trading above the 19.86 TDST Support level, further losses appear to be contained.
Other support for the EEM may come from some upcoming price exhaustion points on the monthly Light Sweet Crude (/CL) oil chart. The current month already shows a ‘perfected’ bar 8 of the TD Buy Setup. Another lower close and lower low will for the month of March will set up a TD Buy Setup @9 and TD Combo Buy @13. This increases the chances that crude will begin the bottoming process this year. The best value looks to be between 20-30, and anything under 20 can be considered oversold.
Nessun commento:
Posta un commento