Firstly, I am biased. I hold a long term bullish view on China and as such, my views may be more skewed than others. Disclaimer
This breakdown from the year long bullish view, imo is temporary correction and awaiting for the US-CHINA trade deal to be signed plus the HK political situation.
Some said on 20 Dec 19 at the G20 summit, both President Xi and Donald Trump would sign the phase 1 agreement. If that is true, then the long awaited euphoria and pent up demand from global investors should drive up the demand for China A50 index.
For clarity, one may want to better understand what are the components of China A50 : en.wikipedia.org/wik...FTSE_China_A50_Index
If one has invested in this index since December last year, one would have made at least 35% on this index.
See day chart and other China stocks that I am analysing.
This breakdown from the year long bullish view, imo is temporary correction and awaiting for the US-CHINA trade deal to be signed plus the HK political situation.
Some said on 20 Dec 19 at the G20 summit, both President Xi and Donald Trump would sign the phase 1 agreement. If that is true, then the long awaited euphoria and pent up demand from global investors should drive up the demand for China A50 index.
For clarity, one may want to better understand what are the components of China A50 : en.wikipedia.org/wik...FTSE_China_A50_Index
If one has invested in this index since December last year, one would have made at least 35% on this index.
See day chart and other China stocks that I am analysing.
Kommentar:
bullish engulfing candle. bullish sign
Kommentar:
Praise Lord. It has broken out of the resistance level at 14218.70 and moving towards retesting the next level at 14926. Buying on pullback
Kommentar:
great
