FXI update - short term bearish - 4/30/2015DO NOT LIKE what I saw. I believe it is heading towards 0.618 Fib ($45 level). Maybe wrong though.
FXI trade ideas
FXI update - caution - 4/23/2015As of today's close, MACD turned negative, RSI trend line appears to be broken. Might be a good idea to take some profit off the table if they are not getting better in coming days (need be confirmed by short term price trend change).
FXI $50.25: Posted a new 7-year high at 52.56 near key retracemeFXI rallied strongly to post a 7-year high at 52.56 (April 16, 2015) near the 61.8% retracement of the 73.11/19.35 fall, before consolidating. The Technical indicators remains positive (on all time frames), reinforcing the bullish price action. Immediate support lies at 47.88 (21 day moving average, not shown on chart). Below rests 44.96 (April 1, 2015 low, near 55 day moving average) which should hold dips. If bulls manage to reclaim 52.56, that would accelerate the year-long uptrend towards 54.94 (May 1, 2008 lower high, near 76.4% of the 73.11/19.35 fall) next.
Outlook:
Short term: buy on pullbacks
Long term: bullish
FXI update - on 10 day MA support - 4/17/2015Held up pretty well today. However I will not be surprised if it retraces to 0.618 fib level. But it will be very impressive if it goes higher from there.
China Bubble with Symmetrical Trending Moves China Bubble with Symmetrical Trending Moves
It's obvious we are looking at a equity bubble in China. I'm not worried where this goes, I'm more interested in where this ends. I want to be on the put side of this ETF. I have most likely missed 2/3 of this price move. Volatility and price velocity will be much greater on the downside, and more money can be made when the bubble burst.
Symmetrical Lines
In this chart example I'm focused on large impulsive symmetrical moves on the downside. Both moves on the downside had similar angles. I marked these previous downward moves and added them to where Chinese ETF FXI brokeout.
Timing the Bust
I'm expecting the bubble to top somewhere between July 13 and August 28 (noted vertical line alarms on chart).
Pattern: Bump and Run
Price Trends
China Bubble Burst is Collateral Damage Around the World
US Bond Market with positive drift
US Stocks with positive drift
FXI update - neutral - 3/22/2015Still living in the rising wedge, with diverged RSI and MACD. Unless a break out, any gain will be limited, plus increased downturn risk.
FXI update - still some room to the downside - 2/1/2015FXI pulled back logically last week and should hit pink support and rebound. If pink support breaks, door is open to $36 level around the red support line. Note trend is still up but we need the pink support to hold.
$FXI moving higher but small correction possible 08-15-2014Price is still moving higher but momentum is waning. In the short term price may correct but no structural risk exists at this time
Is China going to lead emerging market?FXI/EEM ration still stuck in a range. But there is a bullish 3MA and 5 MA cross over, ratio is above 10 month MA, RSI appears to have formed an up channel. We will see if it can break the upper range in the coming months.
FXI China ETF (2)China FXI
Support :
Uptrend_line, 50 sma ( retest possible )
Targets :
40.33 ( rectangle top range )
41.60 ( 2013 high, 100% extension ) (brake_out condition)
Comments ( link )
FXI (China Large-Cap)China FXI
In a rectangular range between ~30-40 since end of 2011.
Versus Global Index, its basing.
Cyclically it looks like it is hitting some turning points,
needs price confirmation.
First Chart, long term view since 2007, crash and
long consolidation, within a closing triangle like formation. 200 sma.
Second chart, In an uptrend since 19/3, trying to brakeout,
on strong impulse. Indicators may have some room left.
Diagonal Channel. Rounding bottom formation. potential IHS.
Support :
Uptrend_line, 50 sma ( retest possible )
Targets :
40.33 ( rectangle top range )
41.60 ( 2013 high, 100% extension ) (brake_out condition)
FXI:China builds possible IH&SConsolidating the last three years inside this massive triangle, now building possible IH&S.
This demand zone supported very well through good volume, every time price reached the area.
Cheers
Panos
China is making a come backChina has been relatively flat on the weekly chart for the past 2-3 years after its initial pullback from its push out of the 2009 recession. It is my belief that China is back. Long term price consolidation in this relatively tight narrow band and the recent sell-off all point to low risk entry. Fears of recession or crisis in China are all fluff: China's government allows for swift top-down approach and also has a lot to learn from crisis in the west. most importantly, China is not overvalued, or , in my opinion even fairly valued by any traditional measure, so even if a crisis comes to china, downside would probably not be as crazy as it was in the west when markets were near all time highs.
Conclusion: China is offering a long term low risk entry point for years to come. I don't think this is a short term trade by any means, although one could use this information to prsumambly find stocks to take advantage
China 25 | "local good value" + divergencesOverextended %B (sub 2 std dev) indicates local "value".
Divergences on all three of FT, Mom and MACD.
Doji on high volume.
Combine to point to a reversal.
TP First target @ fractal cluster and previous congestion around 36 (greeen line). Or if %B hits upper green band. Stretch target of Fib at c.37
SL: maintain 1:1 risk reward?
Exit if not moving into profit with 3/4 bars.
China Breaking OutOn a 5 minute chart watch China breaking out, EWZ already broke. thus continuing the trend of emerging market equities leading U.S. stocks higher on positive sentiment.
Inverse Head and Shoulders taking place. A solid break above 38.35 with hold is a buy
