About iShares China Large-Cap ETF
Triple bottom pattern found on FXI ETFCould this be the bottom for the China market ? Let's take a look at this ETF.
It has recorded a nice triple bottom recently after the Central Government made the announcement (read here )
Further evidence - They asked listed companies to buy back shares. Alibaba did that !
Chinese Factorie
AD w/ Ascending Triangle needs to close above 28.27Key things I see
1) The AD in an ascending triangle, I see this on multiple time frames
2) Bullish ABCDE set up
3) The Results of the ABCDE set up appears to be a Bullish Cypher
4) also have a potential desc. triangle breakout
5) Uptrend going back to April 24th 2023
6) Stop Loss at the beginning o
Megaphone Bottom | 9% move possibleiShares China Large-Cap ETF forms bullish "Megaphone Bottom" chart pattern
"Megaphone Bottom" chart pattern formed on iShares China Large-Cap ETF (FXI:NYSE). This bullish signal indicates that the stock price may rise from the close of $29.91 to the range of $32.10 - $32.60. The pattern formed ove
China Stocks - FXIChina stocks have outperformed over the last few months. A major ETF is running into resistance which likely means we could see money rotate out of China.
Profit taking is likely especially if the DXY catches a technical bounce.
FXI TOPPING ON I.T. BASIS Cycles now point to a decline of 5.6 to 6.3 weeks .Fib we are nearing a .382 and almost a =c within a alt of an ABC . ALSO WE ARE NEARING A MATCH TO THE FIRST LEG UP 2009
Cup and HandlePrice is just above the long entry level.
Possible stop where you see support.
No recommendation.
iShares Trust - iShares China Large-Cap ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of China. It inve
FXI LongMonthly Demand Zone (19-24)
Weekly RSI below 30, and divergence
Entry 24.6
Stop 19
Target 33, 41
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$FXI breakoutFXI is flirting with breaking out of the weekly downtrend here. over 29.46 I am long. huge buyer on 12/16 25 and 26 calls.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
