..as circled the MACD indicator looks as though it could be shaping up to cross giving a buy signal. The selling may have exhausted & we're at the end of a move i.e. the correction down after a strong move up.
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What's your potential upside on EEM?
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It should be in the upper 50s longer term. but that depends on alot of factors down the road. Immediate upside has to be 43, once that holds then 45. I for one have bought and sold some then bought back and sold some and luckily salvaged this downtrend for now...
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Yes , in time im looking at exceeding previous peak of 52 ie uptrend continues with this being the turn, lets see, im long term holder of Emerging Markets particularly as also expecting fall / debasement of USD
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