I believe, for sometime KWEB should take a pause for a brief time: 1) The current price is right at the resistance zone on the weekly chart ($31.xy to $32.nm) - We can see many times in the past the price has turned back from these levels. 2) 50 ema on weekly chart is right at the resistance, working as double resistance for the price move. 3) Dragon fly doji at...
Really think even with all the bad news Chinese stocks are about to rocket, backtesting the breakout and support from 2016, this one is a hard long for me.
I’d like an ETF for E7 Countries, holding their ETFs (Brazil EWZ; China MCHI; India INDA; Indonesia EIDO; Mexico EWW; Russia ERUS; Turquia TUR). Theses countries has been more GDP upside than the G7 Countries. An this must go on. *** The Russia ETD was excluded for the “index” because it isn’t been working on. I’ll include the ETF ERUS after the war.
Apparently a bear-flag emerging on iShares MSCI China. Should be ready by the end of September. I expect this to resolve down to 54.11 roughly where support from 2020 sits by the end of 2021.
The Chinese keep pumping futures, here's their chart using MCHI ETF which gives us a clearer picture because it accounts for currency. Big pennant, I guess we should all have seen that.... So I'm guessing next week is decision time, possibly Monday. Virus cases over 1 million, rising exponentially.... www.worldometers.info
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
NYSE:BABA did complete an inverse head and shoulders pattern today. it's now reversing to the resistance of the downtrend. A breakout of the resistance is a oppertunity to go long! Also note that today positive news about the China-USA tariffs came out!
Chinese markets have suffered over the last seven days. We look the effect of this on Bitcoin, Neo and Gas. All explained on the graph.
Same chart could be drawn for almost every sector right now. A few possibilities - a quick crash, a quick reversal, slow descent, small bounce then descent. No buy back signal on the weekly yet.
MCHI tracks the big China blue chips China and Japan possibly oversold from the last week of selloffs. N225 and HSI Now that the DJI, IXIC and SPX have found a bottom (hopefully) expect Asia to bounce. Got in at 70, looking to sell over the week at 76-78