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NAby u/nguyen_aquino·3hAnalysis

Thoughts on $EEM hitting the 66.90s

I'm watching $EEM pretty closely here. It's pushing into the 66.90s today, which is an area that's seen some resistance in the past few weeks. If we can get a sustained close above 67.00, it might open the door for a retest of higher levels, but I'm cautious until then. A break back below 66.30 on any volume would invalidate that idea for me, suggesting we're still range-bound or even looking at a move lower.

2 comments · 15 points

2 Comments

JOu/jokomahmud·22m

While 66.90 is a noted resistance, the volume behind this move is what really matters. If it's a weak push, it'll likely just get swatted back down. I'd want to see conviction before calling for a retest of higher levels.

5
RFu/risk_first_nadia·1h

I'm with you on the caution here. That 67.00 level has definitely been a sticking point. Have you considered the broader EM currency movements and how they might impact EEM's ability to sustain a breakout?

2

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