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Yesterday, on above average volume, the iShares MSCI Malaysia Index Fund (EWM) formed a bullish reversal candle. EWM undercut its 20-day EMA but roared back to close near session highs. A volume powered move above Thursday’s high of $14.42 could provide a buying opportunity in this ETF. On pullback entries, we generally look to enter long positions just above big reversal candles.

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