EFA: Perfect Trend Line Rejection

Once again, iShares MSCI EAFE ETF (NYSE:) proves itself to be the most chart-friendly creature on the planet. Take careful note of the blue trend line and how it repelled the attempt of the price to foolishly move any higher.

EFA Chart.

The much longer-term chart tells the tale. 

EFA Long-Term Chart.

Source link

Comments are closed, but trackbacks and pingbacks are open.