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Technical view: iShares Russell 2000 ETF (IWM)

Technical view

IWM is in stage #1. The index is trading in a wide sideways channel so far, and even if it drops back to the $165 level, the expectation will be the index may bounce back up. The chance is that the IWM (small caps) will outperform large caps next year. Expect the “January effect” to play out early next year.

Technical view weekly

The stock is now MODERATE BUY

This post was published in our newsletter to our subscribers on Saturday, December 24th, 2022. If you want to learn more about our stock technical analysis subscribe to our weekly newsletter.

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