First Trust ISE Chindia Index Fund (FNI): break of a ST rising trendline support.
- Pivot 38.75
- Our Preference short positions below 38.75 with targets at 37.35 & 36.60 in extension.
- Alternative Scenario above 38.75 look for further upside with 40.25 & 42.00 as targets.
- Comment the RSI is capped by a declining trend line.