I believe Chinese stocks will keep falling. I will short Chinese ETF here.
We look into three possible future timelines in regards to the PRC. The war on Taiwan will lead to a disruption in Western dominance as the US will turn to a stagnating "fallen empire" after GOP sets another mark on American politics 2024.
Overdue for a pull back, atleast in the short term
looks life smart money are sitting pretty while news just broke out across media
Hello friends We are amassing a large long position in MCHI. Here is our reasoning: Everyone is bearish The Chinese money printer is going BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR Very low valuations compared to historical levels Chart looks good
So , Recently I longed MCHI and EWG in the same day , the sizing was correct and EWG was a good stage 2 buy, even though it lost with a gap down on the same day as MCHI , it was still a good trade , stage 2 uptrend , 50 SMA TB entry , with a contrarian idea adding to the trades potential but ultimately the other side betting for a move down was victorious on that...
Alright , been waiting in the bushes getting some odd looks from a few people passing , now pounce time Lets see ...
Just want to note that I want this lol , but unfortunately cant have it without first derisking some stuff or getting stopped out on some things , either way open risk on newer trades is 4.29% ( 3 positions ) vs AUM of swing account , so ill have to just watch it ... it is a gappy name though , that being said . None the less look at how the last trade could have...
Chinese ADR stocks gapped down over the weekend. China's President Xi Jinping broke precedent over the weekend and secured a third term as the country's leader. The Chinese government's stricter stance toward technology companies over the past few years has dropped the stock price of Chinese ADR's continually for nearly a 2-year downtrend. MCHI has 632 holdings...
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.
China will win WW3. The best option is to submit to our new rulers. Xi, I am sorry if I called you a pooh bear a few times. Please don't kill me. Thanks.
China is the world’s second-largest economy. If that doesn’t impress you, consider this: It has grown from a ragtag collection of state-owned firms to the world’s second-largest economy in just 35 years. China is now the world’s largest producer of goods, from smartphones to steel, autos to aircraft carriers. In 2017 alone, China produced almost as much output as...
I think China will recover, they are still really behind, I can smell opportunities. I will increase my position in the following places
UGLY NASTY BREAK ___________________________________ Catchup to do with ASIA
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.