A Reversal for Taiwan Fund Inc. (The) (TWN) Is Near. The Formed Bullish Wedge Up Chart Pattern

November 15, 2017 - By Marguerite Chambers

Investors sentiment increased to 2 in Q2 2017. Its up 1.33, from 0.67 in 2017Q1. It improved, as 3 investors sold Taiwan Fund Inc. (The) shares while 1 reduced holdings. 4 funds opened positions while 4 raised stakes. 6.54 million shares or 2.56% more from 6.38 million shares in 2017Q1 were reported.
Moreover, 1607 Cap Limited Liability Company has 0.4% invested in Taiwan Fund Inc. (The) (NYSE:TWN) for 339,340 shares. Thomas J Herzfeld Advsrs holds 0.44% or 50,804 shares. Css Lc Il accumulated 0.06% or 58,022 shares. 17,689 are held by Bulldog Ltd Limited Liability Company. Lazard Asset Management Limited Liability Corporation invested in 0.06% or 1.51 million shares. Gramercy Funds Limited Company invested 0.47% of its portfolio in Taiwan Fund Inc. (The) (NYSE:TWN). 3.48M are held by City Of London Inv Mgmt. Morgan Stanley invested in 0% or 1,482 shares. 354,228 were accumulated by Wells Fargo Mn. Aberdeen Asset Mngmt Public Limited Com Uk holds 0.02% or 346,344 shares in its portfolio. Karpus Management has 0.11% invested in Taiwan Fund Inc. (The) (NYSE:TWN) for 106,067 shares. Deutsche Commercial Bank Ag owns 0% invested in Taiwan Fund Inc. (The) (NYSE:TWN) for 11,929 shares. 65,361 are owned by Strs Ohio. Vantage Invest Advsr Limited Com, Pennsylvania-based fund reported 503 shares. Wolverine Asset Ltd holds 0.01% in Taiwan Fund Inc. (The) (NYSE:TWN) or 53,464 shares.

The stock of Taiwan Fund Inc. (The) (TWN) formed an up wedge with $22.53 target or 6.00 % above today’s $21.25 share price. The 6 months wedge indicates low risk for the $319.14M company. If the $22.53 price target is reached, the company will be worth $19.15 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 2 shares traded. Taiwan Fund Inc. (The) (NYSE:TWN) has risen 36.43% since November 15, 2016 and is uptrending. It has outperformed by 19.73% the S&P500.

Another recent and important Taiwan Fund Inc. (The) (NYSE:TWN) news was published by Prnewswire.com which published an article titled: “The Taiwan Fund, Inc. Announces the Results of the Annual Stockholders Meeting” on April 19, 2017.

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