The Taiwan Fund, Inc. (TWN) Draws Bullish Attention After Forming Bullish Wedge Up Pattern

December 7, 2017 - By Hazel Jackson

Investors sentiment increased to 2 in Q2 2017. Its up 1.33, from 0.67 in 2017Q1. It improved, as 3 investors sold The Taiwan Fund, Inc. 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.
Wolverine Asset Mgmt Limited Liability Corporation, a Illinois-based fund reported 53,464 shares. Retail Bank Of America Corporation De reported 0% in The Taiwan Fund, Inc. (NYSE:TWN). Vantage Investment Limited Com holds 0.01% or 503 shares. City Of London Inv Ltd stated it has 5.21% of its portfolio in The Taiwan Fund, Inc. (NYSE:TWN). Wells Fargo & Co Mn holds 0% in The Taiwan Fund, Inc. (NYSE:TWN) or 354,228 shares. 346,344 are owned by Aberdeen Asset Mgmt Public Ltd Llc Uk. Gramercy Funds Management Limited Liability Company stated it has 127,322 shares. Strs Ohio holds 65,361 shares. Karpus holds 0.11% or 106,067 shares in its portfolio. Lazard Asset Ltd Liability invested 0.06% of its portfolio in The Taiwan Fund, Inc. (NYSE:TWN). Thomas J Herzfeld Advisors owns 50,804 shares. Css Ltd Llc Il reported 58,022 shares. 1607 Cap Prtn Ltd Liability reported 339,340 shares or 0.4% of all its holdings. Bulldog Invsts Limited Liability invested in 0.08% or 17,689 shares. Deutsche Fincl Bank Ag reported 11,929 shares.

The stock of The Taiwan Fund, Inc. (TWN) formed an up wedge with $21.90 target or 7.00 % above today’s $20.47 share price. The 6 months wedge indicates low risk for the $167.75 million company. If the $21.90 price target is reached, the company will be worth $11.74M 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%.

The stock decreased 0.53% or $0.11 during the last trading session, reaching $20.47. About 3,525 shares traded. The Taiwan Fund, Inc. (NYSE:TWN) has risen 36.43% since December 8, 2016 and is uptrending. It has outperformed by 19.73% the S&P500.

More news for The Taiwan Fund, Inc. (NYSE:TWN) were recently published by: Prnewswire.com, which released: “The Taiwan Fund, Inc. Announces Share Repurchases under its Discount …” on December 05, 2017. Prnewswire.com‘s article titled: “The Taiwan Fund, Inc. Announces the Results of the Annual Stockholders Meeting” and published on April 19, 2017 is yet another important article.

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