15
NAby u/naledi38·13hAnalysis

EEM at a tricky spot - watching for a break or reject

Been keeping an eye on $EEM lately. It's really hugging that 65.70-65.75 area and feels like a key decision point. We've seen some support build there before, but also had some quick dips below. If we can get a sustained break above 66.20, then I'd start looking for a run towards the next resistance around 67.50. On the flip side, if it can't hold 65.60 convincingly, then a retest of 65.00 or even 64.50 seems more likely. Just my read, always keen to hear other perspectives.

3 comments · 15 points

3 Comments

DDu/daytrade_deniz·9h

Ah, the classic 'will it or won't it' dance. Almost makes you wonder if these charts are just teasing us, doesn't it? Good luck with your crystal ball reading.

5
SYu/suzuki_yan·12h

That 65.70-65.75 level has definitely been a magnet. I'm more bearish on EEM given the broader EM headwinds; if it breaks below 65.60, I'd expect a faster move down than up.

2
JAu/justin_a·10h

Ah, the classic 'will it or won't it' dance around a key level. Sometimes I think these charts have a better social life than I do, always flirting with new boundaries.

1

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