My article for TraderPlanet this week takes a look at the iShares Japan ETF ($EWJ).
Here’s a piece:
As the chart below shows EWJ has been having some difficulty with resistance at $12 to $12.20. While the Japan ETF has been making higher lows – keeping the uptrend alive, it’s been unable to make higher highs which put it into question whether buyers can keep EWJ from making a trend change. When looking under the hood, so to speak, of EWJ we can see momentum beginning to stall.
Read the rest: ETF Watch: Japanese Resistance (TraderPlanet)
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