FXI
📈 The FXI ETF, representing large-cap Chinese stocks, is showing strength, rising in premarket trading amid potentially improving US-China relations.
💰 The $30 level is identified as a strong support zone, coinciding with a previous maximum and moving averages, making the current level potentially attractive.
🚀 If US-China tensions ease and trade relations improve, the ETF could offer a significant potential upside of around 75% over the year from the $30 level.
@marcosemmimfp:
“FXI you can trade. Uh, today you have it rising in premarket. If you have it around 30, nothing happens. When it was dropping to 32, I also told you the same thing, nothing happens because 30 is a nice zone, because it’s also a maximum, it’s a support, rather, on the moving average and so on. And you already have a stop or, let’s say, you have a vision of where to go, uh, that is, from 30 more or less. And if all this gets fixed, it’s a 75% gain that I can potentially make throughout the year, which seems like 75% in one position, seems quite good to me. Hm. If you want to enter this, you won’t have to wait, you’ll have to wait for the pullback like what we had here and then see if ultimately, well, you can take some position.”
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.
