Taiwan ETF (EWT): Breakout and retest

Here's a quick chart hit from yesterday's (9/4) webcast: the iShares MSCI Taiwan Index Fund ETF (EWT).

EWT has confirmed a bullish breakout from a big base that began in late 2022 and has just retested that breakout zone. Risk-reward looks favorable, especially while above the breakout/retest support at 58–57, with upside potential back to the 2021–2022 highs near 65.50 and 68.40, and then possibly toward the big base target at 74–75.