Auguraltrader

Chine ETF GXC about to break out...

Long
AMEX:GXC   SPDR S&P China ETF
For some time, GXC had been flagged as potential for upside... massive upside. Within a triangle, it had already gained over 10% since it was flagged.
This week, it appears to be breaking out... out of the triangle that it has been coiling in.

Obvious that the weekly and daily chart technical indicators are bullish, or crossing over bullishly. Candlesticks are pointing that too. All systems go here.

Target 20% upside... 112 in early to mid-August 2022.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.