The MSCI EM EASTERN EUROPE is the benchmark of Eastern European Equity markets: The Czech Republic, Poland, Hungary and Russia. Except for a brief period in the spring of 2010, the Index has steadily evolved into an uptrend, and the recent overflowof 2010 peaks again confirms this trend…...
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Day By Day – Indipendent Research
|2 months Opinion||BULLISH|
|2 weeks Opinion||POSITIVE|
|Resistances||265 / 283 pts|
|Supports||237,6 / 225,8 pts|
In the shorter-term, prices are evolving inside an ascending channel and just overflowing the former resistance at 237.60 points, which became a support, corresponding to former peaks. A decline towards this level is possible before resuming the bullish path. The main objective is a return towards the major resistance at 283 points, which is a 62% retracement of the decline. An intermediate target is located at 265 points. Our level of invalidation is below the first support at 237 points.
|Traker’s Name||Leverage||Expense ratio|
|iShares MSCI Eastern Europe||x1||0,74%|
|Lyxor ETF Eastern Europe||x1||0,50%|
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
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Source: ETFWorld – Day By Day – Indipendent Research