Sunday, May 11, 2014

Emerging Market High Yield Bond Fund (TGEIX) Update - More Breakouts?

Previous posts on TGEIX dated March 26, 2014 and April 28, 2014 indicated that this emerging market high yield bond fund broke above resistance line R4 by moving up along along support line S2 (see chart below). 

Now it appears that TGEIX has also broken above three additional longer-term resistance lines R1, R2, and R3 also shown on the chart below (see inset for detail).

(click chart to enlarge)

TGEIX chart: 5yr | daily | semi-log | unadjusted prices 

Going forward we will be interested to see if resistance lines R1 and R2 now act as support and TGEIX continues to move up, perhaps at a slower but more sustainable rate.

Not Investment Advice | Important Disclaimer: 
The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

Financial Disclosure:
The author/publisher established a position in TGEIX on March 26, 2014.

Base Chart Provided Courtesy of  Analysis and Annotation by JunkBond (all rights reserved)

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