: The Chinese technology stock market has suffered substantially this year for a number of reasons - to put some perspective to this, XLY0
is down 19% YTD, while CQQQ
is down in excess of 25%. Be it the trade war with the US, the feared slow-down of the Chinese economy or other political / geopolitical regional tensions the sector has been beaten down to levels that appear particularly attractive. From a technical perspective CQQQ
has reached levels which if broken would indicate a return to the pre-2015 levels, something that would both imply and trigger substantial recession calls.
: USD 45.60
: USD 42 (-7.89%)
: USD 55 (+20.61%)
: 2-4 months