China:
Morgan Stanley scenario:
Chinese stock indexes could plunge by another 20% from current levels over the next six to 12 months — and potentially remain lower for much longer if the hypothetical stress scenario persists.
China’s GDP could slow drastically, averaging 2% growth in 2023.
More than 11 million people could lose their jobs, likely sending the...
I am bullish on iShares China Large-Cap ETF.
I would buy the following calls:
2022-8-19 expiration date
$32.11 entry price (approximatively)
$37 strike price
$0.20 premium/share
Looking forward to read your opinion about it.
After an intra-week V shape recovery, with a strong weekly candle, the GXC is now range bound (as seen in the daily chart) attempting to breakout of the range. The Daily technicals are bullish and supportive, as the weekly technicals are somewhat coiling.
We might have to wait a bit more on this one... Needs to break clean of 92.50.
So, the double tailed candles on the weekly chart only resulted on a week of downside, but the second week proved resilient.
The daily chart shows the spike down blowout and the immediate recovery. This indicates very strong support at about 98-100. The new interim support at 102 is holding too.
Now, I expected the lack of liquidity and sentiment to push lower,...
Weekly GXC chart looks bearish with technicals and candlestick ending with a sandwich like stack with a lower low and lower close.
The downside support target appears to be quite a way off, about 10% down from current.
Daily chart (right) is at a previously marked Buy Zone, but MACD is pushing down more. Price now has a gap resistance to close. Let's see if it...
Recently, the China market had dived on regulatory action over the past couple of weeks. It hit a low point way out of range, and then bounced back technically. And the past week saw a range bound attempt to break out. This attempt failed to extend the rally higher out of the range, but instead fell down to the range support. In the process, it left a gap support ...
