www.scmp.com/co...k-road-recovery?module=opi...
www.reuters.com/mark...-sources-2023-06-27/
www.scmp.com/busines...-bank-america-survey
With a crippling property market (www.businesstimes.co...w-buyers-and-caution), lower than expected domestic spending, stock market make a U turn barely after a small recovery, fund managers flocking to Beijing to meet top officials to get answers, ongoing US-China trade sanctions, never ending finger pointing at China on Russia , Taiwan, Europe matters, is China economy really back on recovery ?
Well, nobody really knows since the official data released by the Government is also interpreted differently. However, the weekly chart offers some intelligent clues. We are still on a downtrend from the weekly chart and now lies a potential reverse Head and Shoulder pattern. With the latest announcement by the government to the world, I expect the price action to break out this/next two weeks and continue rally.
Note that the recovery is not going to be a 90 degrees sharp rise but sporadic and unevenly distributed amongst different sectors with AI being the top priority for the country moving forward.
Those who wish to buy/accumulate into this ETF can prepare yourself and buy in tranches -
10% now, 20% upon breakout and so on and so forth.
Please DYODD.
www.reuters.com/mark...-sources-2023-06-27/
www.scmp.com/busines...-bank-america-survey
With a crippling property market (www.businesstimes.co...w-buyers-and-caution), lower than expected domestic spending, stock market make a U turn barely after a small recovery, fund managers flocking to Beijing to meet top officials to get answers, ongoing US-China trade sanctions, never ending finger pointing at China on Russia , Taiwan, Europe matters, is China economy really back on recovery ?
Well, nobody really knows since the official data released by the Government is also interpreted differently. However, the weekly chart offers some intelligent clues. We are still on a downtrend from the weekly chart and now lies a potential reverse Head and Shoulder pattern. With the latest announcement by the government to the world, I expect the price action to break out this/next two weeks and continue rally.
Note that the recovery is not going to be a 90 degrees sharp rise but sporadic and unevenly distributed amongst different sectors with AI being the top priority for the country moving forward.
Those who wish to buy/accumulate into this ETF can prepare yourself and buy in tranches -
10% now, 20% upon breakout and so on and so forth.
Please DYODD.
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www.chinadaily.com.c...310bf8a75d6c2d3.html
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this is the worst thing that an investor wants - a nice breakout but then falls back into the bearish trend line once more
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get ready, it is near to the upper end of the channel again....
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added more last night
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www.cnbc.com/2023/09...ns-to-expansion.html
The last 3 months of the year should be a good time to accumulate shares of great companies. Do your own research
The last 3 months of the year should be a good time to accumulate shares of great companies. Do your own research
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added more last night
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