ASHR (also EEM, CQQQ, MCHI) Longer Term Bullish

I bought ASHR, but all these Chinese related names look like they are building a base to move higher from. I'd like to see it try to maintain the 20MA as some support, but if it doesn't, it's not a deal breaker.

EEM has the best options, so I might be adding something from that eventually.

Comment:

Sold the Nov12 39.5c against this. Might take longer to develop.

Comment:

I'm starting to sour on this trade. Will see what happens tomorrow morning.

Trade closed manually:

I sold the long side, and will cover the calls i sold against it Monday probably. I overthunk this trade in hindsight. I do want to be on the bullish side when the time comes, but that time is not now.