The reason I like this ETF is the exposure to the HK Tech sectors , some companies I like but may not like enough to initiate a position in them. It's share price has been hovering at the 5.77 to the 8 dollar mark , a little boring and definitely in no time to accumulate.
Refer to the list of Holdings
Looking a the weekly chart of 3067 ETF , we can see that it was down by more than 70% from its peak of 22 dollars in 22.02.21. Two years later, it has offered me a good buying opportunity.
If you see the components of this ETF, there are way too many companies that I personally would love to buy like BYD, Baidu, Tencents, Netease, etc. But, this would comes at...
There are enough evidence on the chart to show that lows may be in place.
Looking at @700(10Cents) and other Chinese stocks, it provides more evidence that we are due for a strong rally now. Time to go in.
A clear indicator of using 1 hour and 4 hour time frame with EMA has now shown a confirmation that the Chinese technology is heading back for a longer term rebound after a year of iron first.
Has the iron fist relax when the china has declared that it will only be safe after the end of year? Only time can tell but safe to say, we have a high probability as we are...
bullish
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This is a new ETF and you can find out more about it here .
I am excited as some of the Holdings I am already invested while others I am still awaiting a good entry to get in. This ETF will be timely for me as I see a shift of tech companies growing more aggressively in China compared to the FANG stocks in USA.
So, I have two entries to get in. The first one...
