Friday, August 5, 2011

ETF TRADE 12.7.2011

FT ISE ChIndia Index Fund OUTLOOK
FNI (FT ISE ChIndia Index Fund): Rebound expected.

Pivot: 24.10
Our forecast: a rebound towards 26.15 is expected.
Comment: both the index and the daily RSI are facing a support area which should spark a rebound.

To leverage our Trend Opinion on the FT ISE ChIndia Index Fund rate we selected the following strategy.

Buy at last price ($24.70) - FNI - FT ISE ChIndia Index Fund

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