Monthly Chart for FXI looking Good for the Bulls....
We bounced off a Long Term Support in February with a Morning Star Doji and so far in March it has been very nicely confirmed. We are oversold but turning up, and we are getting close to a MACD Crossover. We are approaching resistance at around 34.11. I'm looking for it to push up thru to 38.50ish where the 50, 200 and 21 EMA are all gathered. Will watch the weekly's and daily charts.
