China's Consumer Discretionary ETF
From the beginning of 2020, emerging markets, and specially China, had been really outperforming.
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
The sector has taken a 12% correction from its high on February 16th. Which was coincidental with the past sell signals from the drawn channel.
We have tested the 50sma, which has worked as the lower channel trend line in this system.
Risk-reward-ratio is fantastic as we can a stop below the moving average; with a target around $42.
Top 5 Holdings:
- Meituan (10.38%)
- Alibaba (7.92%)
- NIO (7.42%)
- JD (6.98%)
- PDD (5.94%)
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.