EWC the Canada ETF is bullish

EWC – the iShares MSCI Canada ETF – is in a strong uptrend for more than a month. What’s more, since the beginning of January, EWX moved above its 50- day exponential moving average and broke above the lower blue resistance line.

Since then EWC is moving between its 10- day exponential moving average and the upper Bollinger Band.

As a verification of this uptrend, MACD is in a bullish mode above its signal line.

Just as important, during this period, EWC’s Relative Strength has been moving up and above its 20- day exponential moving average.

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