The benchmark 14-day relative strength index has declined to 32.1 from 48.6 on July 6 – readings below 30 indicate an oversold market and are poised to recover.
Nevertheless, The Israeli equities market has historically recovered from pullbacks due to security concerns. For instance, the Tel Aviv 25 index declined to an eight-month low during the second Lebanon war but ended the year near a record high.
iShares MSCI Israel Capped ETF
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