EWH - the Hong Kong ETF - uptrends

The Relative Strength is EWH – the iShares MSCI Hong Kong ETF – has been trending up and mostly above its 20- day exponential moving average since mid-November.

Price itself is trading for about a month in an ascending channel with EWH’s 10- day exponential moving average as a lower limit and the upper Bollinger Band as the higher limit. Apart from that, the 20- day exponential moving average is moving above the 50- day exponential moving average and diverging from it, another indication of a strong trend.

This bullish momentum regime is also shown in MACD, which is moving above its signal line.