China ETF Breaks 6-Year Resistance

Published 09/03/2014, 10:50 AM
Updated 07/09/2023, 06:31 AM

iShares FTSE/Xinhua China 25 Index

The Power of the Pattern has been keeping an eye on China ETF (ARCA:FXI), as it approached 6-year falling resistance a couple of months ago.

Members bought FXI near resistance with a tight stop, looking for a potential breakout.

Lately, FXI is breaking above its 6-year resistance line and acting well. Next key resistance zone for this ETF comes into play around 10% above current prices.

China breaks 6-year resistance line, nice price action of late.

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