The RS analysis confirmed the upside breakout, as its resistance, line f, was also overcome.
The relative performance, or RS analysis, broke its downtrend, line e, on October 18.
The RS analysis has confirmed the breakout, as it made new rally highs in June.
The RS analysis formed lower highs in February which identified this sector as an underperformer.
The weekly RS analysis is still positive, and the daily (not shown) did confirm the recent highs.
The monthly RS analysis continues to look very strong, as it will make new highs this month.
Though some country ETFs have done worse than FXI, it is an interesting example using RS analysis.
The relative performance, or RS analysis, broke its downtrend, line b, just over a week ago.
The RS analysis moved through its yearlong downtrend two weeks ago, and shows a completed bottom formation.
The daily RS analysis has been declining since March, and its downtrend, line f, has just been overcome.
The relative performance, or RS analysis, peaked in October 2010 and formed much lower highs in early 2011.
The daily RS analysis (not shown) has moved above the July highs, and is in a clear uptrend.
The monthly RS analysis completed a major bottom in 2009, when it overcame the resistance at line b.
The weekly RS analysis (not shown) is above its WMA, and has not yet confirmed the April highs.
The relative performance, or RS analysis, looks at the performance of EWS compared to the MSCI World Index.
Chart Analysis : When looking at the RS analysis, it is the weekly outlook that is the most important.
The RS analysis has been in a long-term downtrend since 2009 (line c), which is a sign of weakness.
Daily RS analysis has been positive since early in the year and tested its uptrend, line h, last month.
Weekly RS analysis bottomed in 2009 and has formed a series of higher highs over the past three years.
The monthly RS Analysis (not shown) also did not confirm the recent highs, but is in a clear uptrend.
Daily RS analysis violated its uptrend, line c, in October, and has dropped below its weighted moving average (WMA).
The daily relative performance or RS analysis turned positive in July, as it moved through resistance (line e).
The four stocks I have selected from the list have the most positive relative performance, or RS analysis patterns.
At the time the relative performance or RS analysis had turned up from support after confirming the previous highs.
The weekly RS analysis peaked in September and has since formed lower highs.
The monthly RS analysis is neutral but still above support at line d.
The relative performance or RS analysis has turned up from its WMA and the uptrend is line c.
The weekly RS analysis did not confirm the highs in 2012, and is below the resistance at line h.
The relative performance, or RS analysis, tested but did not exceed the December 2010 highs (line b) in July.
The RS analysis has already broken out to the upside, as it overcame key resistance (line c) early in August.
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