iShares MSCI Chile Index Fund ETF (ECH) has been basing for the past couple months in a larger uptrend. A large well structured Symmetrical Triangle has clearly formed. Given where price has recently traded relative to the apex of the triangle, ECH should see a move soon. Given the previous uptrend, the odds favor a break higher. A move above Thursdays high of $56.32 would signal strengthening and a move out of the triangle with confirmation above $57.00. (www.etf-portfolios.com)
ECH (Chile) ETF Chart Analysis
