Like AEV, buyers of East West Banking Corp. (stock symbol: EW) are in full control of price (so far this year), enjoying a rally that’s been ongoing since early February.
Initial support lies around 26-28, as well as the ascending trendline. It remains to be seen if EW is bullish enough to conquer the near-term resistance level at 30.
TRIX maintains its bullish formation as EW aims for a move toward the 30 level.
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