China A50 Index - not as bearish as many think

8 בספט׳ 2021

Longer term weekly chart of China A50 stock index. Looks to be a fairly textbook pullback (abc) to support levels which were prior resistance in 2015 and 2019 before breakout higher. Given RSI also bottoming it looks like the support level will hold and enable another leg higher over coming 12-24 months.

11 בפבר׳ 2022

הערה

I'm even more convinced by the merits of this idea to be long China (esp tech) for the next 12-24 months.
40% or more upside imo. Great RV trace as well as abs rtn.