iShares MSCI Malaysia Index Fund ETF (EWM) has formed a bullish rectangle formation indicating that if price breaks higher the previous trend is likely to continue. This is the first resting period after a previous 5-month basing period from October 2009 through March 2010. Resistance of the rectangle is at $12.14. (www.etf-portfolios.com)
Malaysia ETF (EWM) Chart Analysis
