FXI - iShares China Large-Cap ETF
Primed for a bit of sell off due to geo-political reasons and some good old-fashioned TA.
Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too.
I’ve set by buy order. $39.12
Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad.
Short for now. Long after $39.12
Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too.
I’ve set by buy order. $39.12
Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad.
Short for now. Long after $39.12
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.
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.