EXCEL INDIA FUND - EXL100
Monthly chart shows resistance at the 1.618 fib level. There is a bearish engulfing candle reversal pattern, showing strong selling pressure the past 2 months. Look for possible short term support off the key LIS and prior resistance level of $19.67. In any event, there is no buy signal as of yet off this timeframe.
EXCEL CHINDIA FUND - EXL101
Monthly chart shows the top was made with regular divergence in the CCI momentum indicator. January's trading activity shows increasing selling pressure. No buy signal/pattern evident on this timeframe. Look for initial short term support off the key LIS and prior resistance of $6.20 area.
EXCEL CHINA FUND - EXL103
EXCEL CHINA FUND - EXL103
Monthly chart shows the high was made in 2000. The last run up from the low of June 2003 found resistance right at the .618 fib retracement level. The last 4 months has seen increasing selling pressure. No buy signal/pattern evident on this timeframe.
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