Japan ETF: the rally holds after the double bottom
JPMorgan BetaBuilders Japan ETF climbs 1.5%, tests the top of its range
Japan ETF: the rally holds after the double bottom
Our view last week
JPMorgan BetaBuilders Japan ETF is in week 11 of a buy signal, up 2.49% since entry. All 3 targets of our most advanced model have already been hit: coverage is complete, and the stop now trails the Inversion Point, in the 74 area. Signal strength stays low and fading, with price squeezed between the first resistance in the 75.3 area and the first support in the 75.2 area.
This week's summary
Weekly technical analysis. JPMorgan BetaBuilders Japan ETF closed the week up 1.5%, with buyers running nearly 80% of trading and the weekly RSI climbing to 59. Price is now pressing against the top of its range, between the 7-day high in the 77 area and the pivot point support in the 76.1 area — a step higher than last week, when the basket was squeezed between the 75.2 and 75.3 areas. The trade's gain rises to 4.01%.
IQS Phase
61
ordinary
Signal Strength
27
low · fading
Sizing
MINIMUM
Ranking
#121 / 129
US stocks in progress
Trade P&L %
+4.01%
from signal to today
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