iShares MSCI Malaysia ETF (EWM, $22.79) price may drop as it broke higher Bollinger Band on May 03, 2024

A.I.dvisor
at Tickeron.com
05/04/24
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EWM - iShares MSCI Malaysia ETF
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $22.79
Daily change: +$0.3 (+1.33%)
Daily volume: 367K
Net Assets: $258.2M
This price move could be a signal that EWM may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 45 similar cases where EWM's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:
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EWMDaily Signal changed days agoGain/Loss if shorted
 
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