FXI
📈 FXI presents a significant opportunity based on technical analysis, having broken its long-term downtrend since early 2021.
🎯 Favorable entry points were identified around the $30-$32 level for a weekly chart perspective, offering a strategic buying zone.
💰 Potential upside is substantial, ranging from 30% to reach resistance zones, up to a possible 70% under favorable macro conditions like resolved tariffs and lower Fed rates.
@marcosemmimfp:
“HK33. Yes, it was a very good zone in the FXI when I told you for the weekly chart, eh, to take it at 30, 31, maybe 32 maximum. And I still maintain that. Why? Because the HK, eh, as it has been falling since the beginning of, well, since February 2021, and breaking its downtrend, which is what you see here, yes, from here on you are bullish, or at least you should have, eh, a trend change from bearish to bullish. So, from this zone, around 30, 31, you have a projection, if you go to the resistance zone, of 30%, which is not bad at all, and if you continue even further, from 70% to maximum. This is considering that China has already settled the tariff issue, that China grows, that the Fed does the same, right? Interest rates fall and so on, there’s liquidity circulating. The FXI, honestly, I think it could make the year for quite a few people. Now you tell me, ‘Hey, look, do you like it at 34?’ And no, at 34 I don’t like it, but well, you’ll see if you want to make the decision or not. I’ve mentioned this ETF a lot… it’s an ETF that I really like quite a bit, especially because, well, it’s a market competitor to the S&P 500, right?”
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 analyzing iShares China Large-Cap ETF (FXI) at the following link. FXI stock.
