FXI
🇨🇳 The FXI ETF, representing large-cap Chinese stocks, is currently in a support zone.
📉 Despite this, the ETF shows divergence, suggesting it may have more room to fall.
⏳ Investors should consider waiting for the ETF to complete its pattern before considering a long position.
@marcosemmimfp:
“HK33 had divergence, that was the FXI. We already have it in the support zone. Let’s see how it is, it has time to continue falling, China, huh? It still has an issue, if I remember correctly, I didn’t see it here, I read it somewhere else, uh, the issue of deflation. Uh, yes, this still has divergence, so I would say not yet. However, keep an eye on it because we are in a practically non-loss zone. Let’s give it a little more time to see if it lateralizes here, completes its pattern, and then we’ll see if we’re going up, but it would be quite good. If it breaks that zone, you’re coming here, you’re coming to 31 or maybe 33, but calm.”
Watch the exact part of the YouTube video where @marcosemmimfp talks about iShares China Large-Cap ETF here:
View 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.
