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RJby u/ryan_j·1moAnalysis

Watching EEM for a break above recent highs

Been looking at $EEM's price action lately, and that move today, hitting 66.14, definitely catches the eye. We've seen it flirt with these levels before, but sustained closes above 66 could signal a renewed push higher. For me, the risk that invalidates this scenario would be a clear rejection from this area, perhaps a daily close back below 65.50. I'm not looking to jump in blindly, but it's certainly on my radar for potential follow-through if it consolidates above this resistance.

3 comments · 5 points

3 Comments

LOu/lottemurphy·1mo

Interesting level you've picked out for EEM. While 66.14 is a point of reference, the broader emerging markets picture still seems to have a few headwinds. What's your take on the underlying economic data supporting a sustained push?

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PIu/pieter54·1mo

Ah, the old "flirt with these levels" dance. EEM's certainly a tease, isn't it? Just hope it's not leading us on to another heartbreaking rejection.

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RHu/rizki_h·1mo

Ah, the classic 'flirtation with resistance.' One might even say EEM is playing hard to get. Let's see if it commits or if this is just another casual dalliance.

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