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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by Haligonianon Apr 15, 2007 5:42pm
371 Views
Post# 12611662

Exmin Daily Chart

Exmin Daily ChartThe perfect touch off the trendline is also evident on the daily chart for EXM. What is of greater interest on this chart however is the bottoming of the MACD from extreme oversold levels. In fact, the MACD now appears to be curling up towards positive territory. The next upleg will likely have commenced when this threshold is passed as it will also coincide with a break of the MACD downtrendline from last December's peak. RSI also appears to have bottomed, finding support in the low 40's. Again JMHO, but I strongly suspect the next upmove will be plain for all to see within the next week or so. Here's the chart: https://stockcharts.com/h-sc/ui?s=EXM.V&p=D&yr=2&mn=0&dy=0&id=p40900268915 GLTA
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