iShares Telecom EU: 2 targets hit, but the weekly close speaks for itself

iShares STOXX Europe 600 Telecommunications is at week 8 of a buy with 2 of the 3 statistical references from our most advanced model already hit. The confirmation week closed bearish, and the signal reads as fading: IQS at 56 out of 100, strength at 32, ranked 58th among the 65 open longs for European-UK stocks. The next reduction window is at week 10.