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First Asset Morningstar Emerging Markets Composite T.EXM.A



TSX:EXM.A - Post by User

Post by mattbighamon May 15, 2007 5:04am
469 Views
Post# 12780955

EXM-I like the chart

EXM-I like the chartLooks like a double bottom with rising MACD on the meeting of the 200 DMA and EMA 60. On the 6 month we have reached a culmination bottom and on a one year there is very little room for further bottoming to occur{specialised PPO readings}. The spike low today on relatively high volume is promising that the bottoming process is reaching-or has reached-a climax. May 1st and now May 14 looks like the double bottom completion. .55 and .52 was an important number.Let's hope the reversal begins.
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