Is China back on recovery ? för AMEX:FXI av dchua1969

With a crippling property market (), lower than expected domestic spending, stock market make a U turn barely after a small recovery, fund managers flocking to Beijing to meet top officials to get answers, ongoing US-China trade sanctions, never ending finger pointing at China on Russia , Taiwan, Europe matters, is China economy really back on recovery ?

Well, nobody really knows since the official data released by the Government is also interpreted differently. However, the weekly chart offers some intelligent clues. We are still on a downtrend from the weekly chart and now lies a potential reverse Head and Shoulder pattern. With the latest announcement by the government to the world, I expect the price action to break out this/next two weeks and continue rally.

Note that the recovery is not going to be a 90 degrees sharp rise but sporadic and unevenly distributed amongst different sectors with AI being the top priority for the country moving forward.

Those who wish to buy/accumulate into this ETF can prepare yourself and buy in tranches -
10% now, 20% upon breakout and so on and so forth.

Please DYODD.

Kommentera:

this is the worst thing that an investor wants - a nice breakout but then falls back into the bearish trend line once more

Kommentera:

get ready, it is near to the upper end of the channel again....

Kommentera:

added more last night

Kommentera:

The last 3 months of the year should be a good time to accumulate shares of great companies. Do your own research

Kommentera:

added more last night

Kommentera:

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.