Emerging Companies from break up to break down
A few months ago the XEC emerging companies Index was looking to break the down trend and make further gains.
This has now changed dramatically with the Weekly chart breaking support 3 weeks ago.
Emerging markets companies share values are generally priced below $3.00.
The breakdown has not reversed and now has a price target of 915 points a further 6% lower.
Primary trend has returned to DOWN.