TAKE PROFITS AND EXIT U.K. ETF EWU PRIOR TO BREXIT $EWU
This post was just published on ZYX Buy Change Alert.
EWU is long from $14.62. As of this writing it is trading at $16.13. 45% of the full core position size is being held.
Consider taking profits and exiting the entire position by scaling out in the zone of $15.90 to $17.63.
The reason behind this call is the upcoming Brexit vote. In this referendum, U. K. will decide if it wants to stay in the European Union. The event poses risk both on the upside and the downside. Poles are very close, the outcome is impossible to call. It is simply prudent to take risk off the table.… Please click here or the title below to read more.
April 19, 2016