iShares STOXX Europe 600 Basic Resources: 3 Targets Hit, Management at the Crossroads

The iShares STOXX Europe 600 Basic Resources ETF is at week 9 of an active buy, with the trade up 6.98%. All 3 statistical targets of our most advanced model have been reached — the third in the latest week — but the roadmap continues through week 10, the final management window. On the daily chart, a double bottom pattern in the 80 area remains active, with a 12% intermediate rebound.