Much attention has been focused on China. Getting ready to get out of the shorts. IMHO, the last doubters are shaken out of China, frightening along the way with the collapse of Evergrande and further collapse along the chain. But for now, I can emphasize, all behavior is strictly subject to technical analysis, and I must say, they will not fall for long. The target zone of BABA correction - levels 140-135 dollars. The paper is in the global 2nd wave, and now the local 5th wave is being executed. After that, a global 3 wave will begin with a length of years. This TA well shows the state of all Chinese securities. My plan of action - to achieve the goals, I fix the shorts and begin to gain at an already accelerated pace.
@naorz, thank you fot your opinion... can you please describe, why?
naorz
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@nur16i, Because the government is pressing, it does not want a company stronger than it so the data of the company no matter how good it is will not help it.
nur16i
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@naorz, I understand your arguments ... But technical analysis requires you not to pay attention to news and emotions) We look only at the chart and prices
competitiveDia36787
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If you want some small cap China exposure, check out CANG. Three years of growth and currently trading at a 1.11 PE.