How Analysts Feel About Taiwan Fund, Inc. (TWN) After Forming Bearish H&S?

May 20, 2018 - By Richard Conner

Investors sentiment decreased to 1.8 in 2017 Q4. Its down 1.53, from 3.33 in 2017Q3. It turned negative, as 0 investors sold Taiwan Fund, Inc. shares while 5 reduced holdings. 3 funds opened positions while 6 raised stakes. 6.74 million shares or 48.55% less from 13.10 million shares in 2017Q3 were reported.
Moreover, Vantage Advsrs Ltd has 0% invested in Taiwan Fund, Inc. (NYSE:The) for 403 shares. Wolverine Asset Mngmt Lc invested in 33,492 shares or 0.01% of the stock. Deutsche Bankshares Ag, a Germany-based fund reported 11,929 shares. Wells Fargo Mn holds 0% of its portfolio in Taiwan Fund, Inc. (NYSE:The) for 354,093 shares. Bulldog Investors Ltd Limited Liability Company invested 1.69% in Taiwan Fund, Inc. (NYSE:The). Pnc Ser Group Inc Incorporated holds 5,825 shares. Blue Bell Private Wealth Management Ltd Limited Liability Company stated it has 220 shares or 0% of all its holdings. Strs Ohio reported 65,361 shares or 0.01% of all its holdings. City Of London Management Ltd, United Kingdom-based fund reported 3.51M shares. Citigroup holds 0% in Taiwan Fund, Inc. (NYSE:The) or 5,804 shares. Thomas J Herzfeld holds 76,955 shares. Morgan Stanley holds 0% or 1,848 shares. 73,711 are owned by Virtus Advisers Incorporated. 1607 Cap Prns Lc invested 0.39% in Taiwan Fund, Inc. (NYSE:The). Karpus Incorporated has 0.15% invested in Taiwan Fund, Inc. (NYSE:The).

Since May 3, 2018, it had 0 insider buys, and 2 selling transactions for $1.50 million activity.

The stock of Taiwan Fund, Inc. (TWN) formed H&S with $19.72 target or 4.00 % below today’s $20.54 share price. The 6 months Head & Shoulders indicates high risk for the $167.51 million company. It was reported on May, 20 by Faxor.com. If the $19.72 price target is reached, the company will be worth $6.70M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 0.19% or $0.04 during the last trading session, reaching $20.54. About 4,513 shares traded. Taiwan Fund, Inc. (NYSE:The) has 0.00% since May 20, 2017 and is . It has underperformed by 11.55% the S&P500.

More notable recent Taiwan Fund, Inc. (NYSE:The) news were published by: Globenewswire.com which released: “Lithium Americas Reports First Quarter 2018 Financial and Operating Results” on May 14, 2018, also Streetinsider.com with their article: “NYSE to Suspend Trading in PetroQuest (PQ), Commence Delisting” published on May 04, 2018, Profitconfidential.com published: “Marijuana News Today: Senate Scores Big Win for States’ Rights on Pot Issue” on May 18, 2018. More interesting news about Taiwan Fund, Inc. (NYSE:The) were released by: Cnbc.com and their article: “AXA Equitable CEO on IPO” published on May 10, 2018 as well as Prnewswire.com‘s news article titled: “Renren Announces New Record Date for Cash Dividend” with publication date: May 14, 2018.

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