ETF - Go Long on South Korea! $EWY

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The ETF on ASX is IKO South Korea, iShare MSCI South Korea.
This ETF tracks EWY in the US Market.

I like this wedge chart pattern here, we are still trading sideways since the start of the year.
A breakout is coming,
currently, the price is still above all three moving averages, (21,50,200).
Therefore, it is more likely to break out into the upside.

Buy on a breakout and close above $94.75.
Ordre annulé
Invest in China or Tencent instead.
Chart PatternsETFEWYTechnical IndicatorssouthkoreaTrend Analysis

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