China ETF FXI: Poised for a 70% Rally?
📈 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.
China ETF (FXI) Stalls: Waiting for the Next Move
⏳ The ETF has been trading sideways for several days after an upward move, failing to continue its ascent.
📉 Key support is identified around the 31-31.50 level, coinciding with the moving average.
📈 While the daily chart shows stalling, the weekly chart remains potentially bullish; a drop to support followed by a bounce is a possible scenario.
China ETF Opportunity: 75% Upside Potential?
📈 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.
China ETF FXI: Poised for a Rebound or More Pain?
📈 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.
China ETF FXI: More Upside Potential Than S&P 500?
📈 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.
China’s ETF (FXI) Shows Divergence: Time to Buy?
🇨🇳 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.
