(Click On Chart To Enlarge)
The FXP is an Exchange Traded fund that was listed on November 8, 2007:
"The UltraShort FTSE/Xinhua China 25 ProShares seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the FTSE/Xinhua China 25 Index."
This morning, in the hourly chart, FXP broke out of a Bullish Inverse H&S neckline, at 73.95-73.99. As long as FXP trades above the neckline, an upside target of 86.16 is IN PLAY.
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