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ERY is something I brought to everyone's attention a few weeks ago and it continues to look strong, albeit speculative. ERY found resistance at the MA(144) but has made a strong upward channel the last few weeks with the EMA(13) spending most of it's time above the EMA(34). Another great looking long term buy at...
On closer examination EDZ is sitting directly below the resistance line with the EMA(13) having just broken above the EMA(34), yet both are below the MA(144). Speculative at this point but I like the long term picture for EDZ.
Emerging economies have been struggling lately (please refer to YANG and BRZS for more coverage) and in the longer term EDZ has put in a "declining three fan wedge" pattern with resistance about to be broken at its lowermost wedge.