This one is more longer term and could be a BTFD play in the coming weeks/months. Would be one of my major play for the remainder of the year as long as the yellow area in relative performance chart is hold.
Fundamentally, it is more of play who will recover first from COVID-19.
Weekly volume is picking up but not at extreme yet. To me that means more upside is coming.
Although VIX finished the week above the low volatility environment zone (<15) at 16.48, not much is enticing here from a premium selling standpoint at first glance. Earnings announcements are now down to a trickle, with the next quarter's announcements coming into range in the May cycle, militating in favor of putting on earnings-related volatility contraction...
#China #Stocks Should Be Shorted: Specific Level to Watch $FXI #trading
Put these support resistance indicator lines on your chart!
Indicators show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
For commodities and Forex, when your trading...
ASHR (China CSI 300 index) has been steadily rising since 2016 low. MACD is now positive, price is above 10 month MA. Need it to take out Nov. 2016 interim high to confirm the trend change. IF that ever happens, I would expect a price spike.