Ticker 1

Ticker 2

Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share

Thursday 25 October 2018

Updated China Technicals reflecting Equity Markets of China and Hong Kong: 25 October 2018, Thursday, 12.01am Singapore Time


Updated China Technicals reflecting Equity Markets of China and Hong Kong: 
25 October 2018, Thursday, 12.01am Singapore Time
(Click on Technical Chart above to Expand)

Attached above is the Technicals for iShares China Large Cap ETF (NYSE: FXI) representing the basket of China's greatest blue chip stocks making up the ETF basket. China large caps are now at the 50% retracement zone. The 50%-retracement zone in dark green is now meeting the light-orange channel whose width and angle has been formed by the red-coloured same-angled resistance slopes as illustrated on chart. The end of correction within healthy bull market for China is more or less here -- downside limited, upside lucrative, hence forming an excellent reward-risk ratio (buying zone) for Chinese and Hong Kong stock markets. Asia-Pacific and Emerging Markets' corrections are at bottom now. After taking profits of all China shorts off the table, I am beginning to collect China buys now.  Notice how I transit from shorts to longs slowly and in stages -- like how water flows.


No comments:

Post a Comment