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Chart Analysis: Bullish Rectangle formed on Malaysia ETF (EWM)

|Includes: iShares MSCI Malaysia ETF (EWM)
iShares MSCI Malaysia Index Fund ETF (NYSEARCA:EWM) has formed a bullish rectangle formation indicating that if price breaks higher the previous trend is likely to continue. This is the first resting period after a previous 5-month basing period from October 2009 through March 2010. Resistance of the rectangle is at $12.14. (
Malaysia ETF (<a href='' title='iShares MSCI Malaysia ETF'>EWM</a>) Chart Analysis

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