China ETF (FXI) Heading Higher

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By Mike Paulenoff | Published 09/25/2008 | Stocks | Unrated

China ETF (FXI) Heading Higher

As long as the recent pullback low at 35.58 remains intact and a viable near-term price floor, the overall pattern in the iShares China ETF (FXI) off of the September 17 low at 30.25 argues in favor of a revisit of last Friday's high area of 39.00-40.00.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.

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