Could 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 Factories are still open and production running despite spike in Covid-19...
Monthly Demand Zone (19-24)
Weekly RSI below 30, and divergence
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.
Order BUY FXI ARCA Stop 21.87 LMT 21.87 will be automatically canceled at 20230401 01:00:00 EST
FXI daily bullish hammer below MRC end of wave 5 correction C very well maybe the end of correction of Chinese market.
Even in retirement I scour hundreds of weekly and monthly charts. When I come across promising setups, I drill down to see if there are chart elements, price volume relationships, or other factors that might either preclude a trade or tip the odds heavily in favor of a particular outcome. Most of that process is covered in the "Potential TLT inflection and Notes...
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
Looking forward to read your opinion about it.
Some risk in the short term because we are nearing downtrend resistance since 2021.
However, long-term looks promising as we did a fake breakdown of 2011 support.
China easing with COVID restrictions and loosening crackdown on tech (CQQQ) can also serve as potential fundamental support.
China's Large Cap ETF (FXI) is showing notable bullish Relative Strength (RS) compared to the Nasdaq (0.26 on the Daily RS, using a 50 period timeframe). The typical RS between these two fluctuates between -0.15 - 0.10. FXI also tends to have quite a strong correlation coefficient vs. NDX, but we're finally seeing that break down (0.24 on the Daily w/ a 50 length...
U.S. stocks fell into a “bear market” this week. Meanwhile, a new bull market could be starting across the Pacific.
This chart shows the iShares China Large Cap ETF with relative strength compared to the S&P 500. FXI lagged the U.S. benchmark consistently between February 2021 and May 2022. But it’s outperformed in the last month as officials in Beijing lend...
Goals33, 32. Invalidation at 47 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
FXI is China's large cap ETF. While I do not think this actually is a massive bear flag, it will be interesting to see how this plays out. Worst case you can play the trend. Good luck!
This is not a recommendation to buy or sell. It is for informational purposes only.
The price is sitting on a beautiful long term trend line ! Should we clearly break the down trend line to the upside, it is my opinion that prices should move much higher over the next 6-12 months ! Just my opinion :)
$FXI (iShares China Large-Cap ETF) looking like a good trade for 2022. I usually stay away from Chinese equities but with Alibaba down ~60% (almost 10% of the ETF) in the past year and their Fed indicating a looser monetary policy, it looks like a great value play to combat the recent US Fed rate hike.
$16M Darkpool print on Friday + Unusual OI for the 5/20 $40...