iShares European Telecom: fading buy signal, negative confirmation at week 10

The iShares European telecom ETF is at week 10 of a buy signal, with the position currently at -1.37% from entry. Signal strength has dropped to 32 out of 100, and the confirmation week closed bearish: the technical picture points to an exit. All 3 targets of our most advanced model had already been reached in prior weeks; the setup now closes its chapter.