FXI,

The MACD of FXI – the iShares China Large-Cap ETF – has been in a positive territory for a month. Looking at the price action itself, we can see that:

The 10-, 20-, and 50- day exponential moving averages are trending up and below the price itself.

FXI is trending up and just below the upper Bollinger Band.

FXI has already crossed over the lower blue resistance line and just moved above the upper blue horizontal line.

Finally, the ETF outperforms our benchmark, the SPY, as its Relative Strength has moved above its 20- day exponential moving average.