This ETF gives you exposure to the Rand against the American dollar. A profit in this ETF is when the Rand weakens against the dollar. The stochastic indicator confirms the oversold position of the Rand, which makes the probability for more weakness more likely. This ETF was caught within a symmetrical triangle and above line B (R18-48) the symmetrical triangle will confirm a bullish pennant, when line B changes into a support. Which implies that the weakness in the Rand…