From a technical view, the ETF is facing a key rising trend line which is acting now as a strong resistance area. Regarding technical indicators, the weekly RSI has broken below a bullish trend line and remains below its neutrality area. Furthermore, the weekly MACD is still below its signal line while the declining 20-week moving average is maintaining downward pressure. On a relative basis against the IVV S&P500, iShares FTSE China 25 Index Fund is facing a bearish trend line and looks set for a new down leg.
Trading strategy: Short Sell at $34.41 - Stop loss at $35.75 - Target at $28.7.