FXI
📈 The speaker favors the FXI ETF over the S&P 500, citing its potential for greater upside based on its long-term chart pattern showing a possible trend reversal.
📉 FXI has been in a downtrend since 2018 but broke this trend in early 2024, suggesting more room to run compared to US indices near highs.
🇨🇳 A potential reduction in Chinese tariffs could significantly benefit FXI, which holds China’s large-cap companies; key support is identified near $29.
@marcosemmimfp:
“I like the HK33 [referring to FXI chart]. Why do you like the HK33? Because if you look at the S&P 500 on a weekly chart, yes, if I go to see the S&P 500 on a weekly chart, this is still bullish. Okay… This is the S&P, yes, it comes along the moving average, the lows are rising, everything is fine here. I have a fall, a retracement rather, of this trend, and here we basically have the same thing. Yes, this is going well, but why do I like China more? Because China has a process that since 2018 has been falling, and starting from the beginning of 2024, it already broke it. That is, you have more room here, and if China lowers the tariffs, I think the FXI can do much better than the United States can. And the FXI is in a good position, it’s at $31, it didn’t fall below $29, and it’s respecting the bullish trend it’s been carrying and the change of structure from bearish to bullish from here. It has more stretch, and I have a ceiling to go to. In the S&P 500, I already have a vision that I know that at 50, 52 [5500-5600], people might sell it if it goes to highs. And here, what are we talking about? From here to tomorrow? No, king, here we are talking about from here for a couple of years, but it’s not bad at all. In fact, the first resistance we have is more or less here at $38. It looks like Baba’s chart. Well, Baba is included here because the FXI has 25 companies or the large caps of China, the large-cap companies.”
Watch the exact part of the video where @marcosemmimfp talks about iShares China Large-Cap ETF here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on iShares China Large-Cap ETF (FXI) at the following link. FXI stock.
