ECH was so oversold today, it actually fits the criteria of four of my favorite ETF strategies. In fact, I have a hard time deciding what criteria to use for determining the target for my exit strategy. Since the buy criteria fit four different strategies, I am going to wait until two of the exit criteria are realized.
A nice surprise today was to find that Zecco takes up to but not necessairly 3 trading days to settle trades, so today I already had the proceeds from yesterday's sale in cash.
The 6-day decline in this country ETF is due to the Chilean government intervention in the exchange rate between USD and the Chilean Peso (CLP).
Another really good candidate for a trade today was THD. I ended up picking ECH because it was more oversold, but THD's chart looked more like a stable trading range.
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