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Chile Investable Market Index Fund: Short Sell At $44.15

Published 07/31/2014, 12:36 AM
Updated 07/09/2023, 06:32 AM

iShares MSCI Chile ETF Daily Chart

The iShares MSCI Chile Investable Market Index Fund(ARCA:ECH) is breaking below a key support level at $44.90, and the downward breakout is met with large volume

Regarding technical indicators:
The 20-day (in red) and 50-day (in blue) moving averages are turning down, the short-term moving average is below the long term moving average, signaling a new down trend

On a relative basis against the IVV S&P500:
As long as the process of lower tops and bottoms is intact further downside towards is expected

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