Saturday, 26 December 2009

Russia - RSX $31



RSX is the ETF for Russia. Sell signal in June 2008 at 50, with a Buy triggered at 17 in April 2009. RSX has struggled to break above 32 for 11 weeks. A weekly close below $30 and 5ema ($30.79) < 10ema($31.10) will be the indicator for the next drop to support at 50ema (26).

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