{"id":2735,"date":"2013-04-17T06:25:30","date_gmt":"2013-04-17T10:25:30","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=2735"},"modified":"2022-04-06T15:07:25","modified_gmt":"2022-04-06T19:07:25","slug":"thd-eido-asian-etfs-rally","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/thd-eido-asian-etfs-rally\/","title":{"rendered":"2 Asian ETFs Ready To Cruise Higher In The Coming Days ($THD, $EIDO)"},"content":{"rendered":"

While money has flowed out of BRIC ETFs (Brazil, Russia, India, China), Southeast Asia continues to be a hot spot with bullish chart patterns in Indonesia ($EIDO), Thailand ($THD), and Singapore ($EWS). When we first alerted you to these bullish patterns in our\u00a0April 10 blog post<\/a>, most of the chart patterns were not yet actionable. But now, at least two of them may be within the next few days.<\/p>\n

The iShares MSCI Thailand Index ($THD)<\/strong> has formed a bullish basing pattern during the past five weeks, and has found support around the 10-week moving average, which is a bullish sign. On the weekly chart below, note the strong uptrend that has been in place:<\/p>\n

\"$THD<\/p>\n

After three shakeouts below the 50-day moving average (on 3\/22, 4\/5, and 4\/15), $THD has reclaimed the 50-day MA and is poised to break out above the short-term downtrend line of the consolidation. This is shown on the daily chart interval below:<\/p>\n

\"$THD<\/p>\n

Another Southeast Asian ETF looking great is iShares MSCI Indonesia Fund ($EIDO)<\/strong>, which has formed a tight-ranged base while holding the rising 10-week moving average (roughly the same as the 50-day moving average on the daily chart), indicating that the price action is very tight.<\/p>\n

We also see that the current base has formed just below the prior high of 2011, so a breakout above the current range should propel the action to new highs, with no overhead resistance. Check out the weekly chart pattern:<\/p>\n

\"$EIDO<\/p>\n

Drilling down to the daily chart (below), we see $EIDO potentially forming “higher lows” within the base, which is a sign of constructive price action.<\/p>\n

Further, this is the first pullback to the 50-day moving average since the base breakout in February. The first retracement to kiss the 50-day MA is typically where institutions step in to support price action of stocks and ETFs in a strong uptrend:<\/p>\n

\"$EIDO<\/p>\n

Both of the above ETFs we analyzed ($EIDO and $THD) are “official” setups for potential swing trade buy entry in today’s Wagner Daily<\/i> swing trading newsletter. To receive immediate access to our precision trigger prices for buy entry, exact stop prices, and target prices for both $EIDO and $THD, sign up now for your risk-free trial membership at: https:\/\/www.morpheustrading.com\/services\/swing-trade-alerts<\/a>. Subscription cost is less than $2 per day (based on annual rate) and can be canceled any time.<\/p>\n

The market has been amazingly resilient since late February. The key to this rally is the action in leading stocks, which generally appear to be holding up well. To name a few, $LNKD, $AMZN, $TSLA, $EBAY, $AMBA, $CELG, and $PRLB are either holding steady or finding support at logical levels. Homebuilders and transportation stocks have not impressed lately, but they continue to base out and that is a good sign (check out the $ITB and $IYR ETFs). If top stocks continue to hold while new breakouts emerge, the broad based averages will follow suit.<\/p>\n

<\/p>\n

Avoid the most common mistakes of ETF and stock traders by registering today to receive our FREE Top 5 Trading Rules For 2013 And Beyond<\/em><\/a><\/strong>. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

While money has flowed out of BRIC ETFs (Brazil, Russia, India, China), Southeast Asia continues to be a hot spot with bullish chart patterns in Indonesia ($EIDO), Thailand ($THD), and Singapore ($EWS). When we first alerted you to these bullish patterns in our\u00a0April 10 blog post, most of the chart patterns were not yet actionable. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-2735","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=2735"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2735\/revisions"}],"predecessor-version":[{"id":11606,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2735\/revisions\/11606"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=2735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=2735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=2735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}