Let's look at the chart of the ETF linked to the Taiwan stock market (the iShares MSCI Taiwan Index Fund ETF):
1) the price was inside an ascending triangle from early May till early September
2) it broke out of this ascending triangle a few days ago at $11.5
3) next target? around $13.5 which is the next resistance at the previous consolidation zone in July -Sept 2008
4) if you trade this, put a stop loss at $11.4
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