DB X-TRACKERS DBX MSCI CHINA IDX UCITS ETF (DR) Has Another Very Weak Trading Session Recording a Gap Down

 DB X TRACKERS DBX MSCI CHINA IDX UCITS ETF (DR) Has Another Very Weak Trading Session Recording a Gap Down

The stock of DB X-TRACKERS DBX MSCI CHINA IDX UCITS ETF (DR) (LON:XCX6) gapped down by GBX 13.2 today and has GBX 915.75 target or 10.00% below today’s GBX 1017.50 share price. The 5 months technical chart setup indicates high risk for the GBX company. The gap down was reported on Nov, 10 by Barchart.com. If the GBX 915.75 price target is reached, the company will be worth GBX less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The ETF decreased 2.63% or GBX 27.5 on November 10, hitting GBX 1017.5. About 190,129 shares traded hands or 604.94% up from the average. DB X-TRACKERS DBX MSCI CHINA IDX UCITS ETF (DR) (LON:XCX6) has risen 11.28% since April 4, 2016 and is uptrending. It has outperformed by 5.63% the S&P500.

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