FXI
📈 The China ETF (FXI) is at a potentially good entry point, holding above the $30 level on the weekly chart, suggesting a possible base formation.
🌏 Upside potential exists, targeting $41 initially on the weekly chart, but hinges significantly on improved US-China trade negotiations and easing tensions.
⚠️ Significant risk remains due to political factors, including potential threats by Trump to delist Chinese companies, which could severely impact the ETF.
@marcosemmimfp:
“China, for its part, is at a very good point, especially on the weekly chart, FXI weekly chart, because it basically didn’t break $30, and in turn, you also have a level to go towards. Remember I told you that you have roughly 60-something, 70? Already, you should go to $41 on a weekly chart. What’s needed is for the Chinese to basically enter into somewhat more rigorous negotiations with the United States, and this starts filtering through. Trump came out now saying he wants to grab and remove Chinese companies from listing in the United States, that would be a mess.”
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 provided link. FXI stock.
