Hello, CN50 is currently retesting a mutli year horizontal S/R Zone and diagonal Support Zone again and i think it´s a good Opportunity to Long it (for some Chinese Exposure).
China is not a democracy which makes it kinda risky (CCP crushed Alibaba for example) but i believe if China is playing their cards well it will at some point be the strongest ecconomy worldwide and one may want to get some exposure beside that "little" risk.
CN50 seems a good choice for a widely diversified Portfolio for some Chinese Exposure.
Posted a CN50 Idea some month´s ago (see related) and the basic Idea seems still legit.
DYOR and please leave a like =)
China is not a democracy which makes it kinda risky (CCP crushed Alibaba for example) but i believe if China is playing their cards well it will at some point be the strongest ecconomy worldwide and one may want to get some exposure beside that "little" risk.
CN50 seems a good choice for a widely diversified Portfolio for some Chinese Exposure.
Posted a CN50 Idea some month´s ago (see related) and the basic Idea seems still legit.
DYOR and please leave a like =)
Comment:
The Technical reason why i believe the coming years are very bullish for CN50 is that it got rejected 2 times from Median of the Channel and tested Supp. Now it should be time for a Channel Resistance Test.
