iShares MSCI Taiwan Index Fund(EWT) is in an uptrend but could lose its momentum

(1-Apr-2008) (1-Apr-2008) iShares MSCI Taiwan Index Fund(EWT) closed at 15.85, down -0.04 or -0.25 % today. Based on our analysis, iShares MSCI Taiwan Index Fund(EWT) is in an uptrend but could lose its momentum.

The closing price of iShares MSCI Taiwan Index Fund(EWT) is above its 50 day moving average of 14.87 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that iShares MSCI Taiwan Index Fund(EWT) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line today, let us see if it stays below.