Cuba is in the news today on the announcement that the US and Cuba will start talks to normalize ties. What does Cuba have to do with a Technical Analysis website? Well....I was looking at the most actives on the Nasdaq and saw CUBA with a 40+ percent gain on big volume. This is the Herzfeld Caribbean Basin Fund and it would appear to have ties to Cuba, though I cannot confirm. In any case, the fund broke above the highs extending back to early 2013 and could be poised to start a new era. While I would not run out and mortgage the house on this one right now, it is one to keep on the radar for bullish opportunities in the future (pullbacks, consolidations, flags, falling wedges etc...). Added Note: recent filings show that CUBA holds mostly US stocks and is simply "prepared" to take advantage of normalized relations with Cuba. The normalization process is likely to be a long and drawn out affair.
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