Thursday, 10 May 2018
iShares MSCI Malaysia ETF (NYSE: EWM): 10 May 2018, Thursday, 2.25am Singapore Time
iShares MSCI Malaysia ETF (NYSE: EWM) Heavy Plunge:
10 May 2018, Thursday, 2.25am Singapore Time
(Click on Technical Chart Above to Expand)
The iShares MSCI Malaysia ETF seeks to track the investment results of an index composed of Malaysian equities. It is like an MSCI Index of Malaysia. As of now, Wall Street is reacting and selling the iShares MSCI Malaysia heavily resulting in a heavy crash of 【-9.19%】. The iShares MSCI Malaysia will give an indication of how Malaysian markets will open. As of now, all the major supports are being smashed down (with high volumes) for the Malaysian market. These supports, especially the dark brown classical support, will need to be reclaimed if the Malaysia bull market is to carry on. My take is the broken supports will take time to mend and will eventually be reclaimed back.