EFA, please do not break the neckline again!!!
The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada.
Top then holdings are Nestle (switzerland), Novartis (switzerland), Roche (switzerland), HSBC (UK), Toyota (Jpn), Shell (UK), Bayer AG (Germany), BP (UK), Commonwealth Bank of Australia & Sanofi (France)
Well, i had a quick look at 943 holdings. It comes from all different sectors.
Whatever it is, i do not think the Energy stocks alone is strong enough to cause the break of 2009 uptrend line
Now, going back to Sept 2008, upon breaking the neckline, price just collapse.
WE have the same situation AGAIN! i pray that the price will not break the current neckline!
And the best part is: the Oct 2007 top, when extended like i shown, becomes the neckline of current H&S!!
Top then holdings are Nestle (switzerland), Novartis (switzerland), Roche (switzerland), HSBC (UK), Toyota (Jpn), Shell (UK), Bayer AG (Germany), BP (UK), Commonwealth Bank of Australia & Sanofi (France)
Well, i had a quick look at 943 holdings. It comes from all different sectors.
Whatever it is, i do not think the Energy stocks alone is strong enough to cause the break of 2009 uptrend line
Now, going back to Sept 2008, upon breaking the neckline, price just collapse.
WE have the same situation AGAIN! i pray that the price will not break the current neckline!
And the best part is: the Oct 2007 top, when extended like i shown, becomes the neckline of current H&S!!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.