Chinese ADR stocks gapped down over the weekend. China's President Xi Jinping broke precedent over the weekend and secured a third term as the country's leader. The Chinese government's stricter stance toward technology companies over the past few years has dropped the stock price of Chinese ADR's continually for nearly a 2-year downtrend. MCHI has 632 holdings including the well known TME, BABA, JD, BIDU, PDD, NIO & NTES tickers. Here's levels on MCHI downtrend channel:

R3 = 47.97
R2 = 45.82
R1 = 43.67
pivot = 41.52
S1 = 39.23
S2 = 37.08
S3 = 34.78

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator


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