Nice pin bar on daily (weekly engulfing here) after buyers came in off the 618 pullback off the low. Looking for kc to make a move here towards tp 1, watch for pullback to enter long.
@Hiddenharmonicstrading, ya Chinese stocks are up a little dead cat bounce, you can watch arkk and see WS is still dumping Chinese stocks.
Xi Xing Ping, removed term limits, but China's old term limit 10 years is about to hit him, and there will be descent arising from it.
US & UK, just set one of the largest naval fleets in the South China Sea to deter an all out war.
China continues to illegally fly military aircraft threw Taiwan air space. Pushing out small islands and building them up along the SCS in neighboring countries territory. Setting up new recruitment policies in Tibet to fight India.
I think Xi, doesn't want war, rather smooth transitions via money and propaganda, but in order to hold power past his 10 year, he may need to agree to conflict to bolster relations with PLA members of the CPC.
Chaython
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@Hiddenharmonicstrading, Most Chinese tech stocks are down more than 50% from the high, and many are at more than 3 year lows. So obviously there will be buying pressure, from people buying the dip. But a little bit of upwards movement doesn't mean such a recovery like your chart is showing.
Chaython
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@Hiddenharmonicstrading, Also it's likely best to buy Kraneshares Chinese Internet than buying an individual CDN host.