Looking at the weekly chart, I think the downside from the current price is 20 dollars , ie if it falls to 60 dollars. However, with the Central Government promising to support the economy more with its policies, I believe the stock market will recover soon....
Therefore, I will add some each month for the long term. Please note that there is still possibilities of the price falling further down. But rather than trying to pick the bottom , I prefer to park some cash into this ETF as it has fallen quite a lot (probably China is the worst market after Russia now)
Therefore, I will add some each month for the long term. Please note that there is still possibilities of the price falling further down. But rather than trying to pick the bottom , I prefer to park some cash into this ETF as it has fallen quite a lot (probably China is the worst market after Russia now)
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edition.cnn.com/2022...l-hnk-mic/index.html
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www.shine.cn/biz/economy/2205175705/
If this comes true, then we can expect a short term rally soon, yes !!!
If this comes true, then we can expect a short term rally soon, yes !!!
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adding more today !
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added more last night !
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we are now revisiting the low of 2017..............
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added more last night at 68.77
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good read :https://www.scmp.com/comment/opinion/article/3198866/taiwan-economy-west-being-overly-pessimistic-about-xis-china?module=opinion&pgtype=homepage
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Investing in China is for the long haul. There are always proponents and opponents when talking about China. US for one will be constantly looking at ways to sanction China goods , technology ,etc. Not only that, they also want to reach out to other Asian allies to forge in the same battle with limited success. These Asian countries know too well the importance of China trade in their respective countries and following US steps blindly may not ends well for them.
I also spoke about how the Central Government will help the property market as it contributes almost 1/3 of their economy. Indeed, the recent measures help to boost up the shares of many property stocks. Next important issue is the COVID-19 relaxation which resulted in the recent protests.
Glad to see some relaxation and believe coming to the CNY next year, the government understand how important this festive season is to the millions of overseas Chinese working abroad and needing to come home to visit their loved ones.
Healthcare system is a sector that I pay close attention to in China as the potential is HUGE! From aging problems to many western drugs that wanting to penetrate China, the collaboration with TCM and expansion of hospital services, there are just so many areas to improve on as it gets more urbanised and the demand for healthcare is even greater !
This is a good time to invest in China slowly on the way up !
I also spoke about how the Central Government will help the property market as it contributes almost 1/3 of their economy. Indeed, the recent measures help to boost up the shares of many property stocks. Next important issue is the COVID-19 relaxation which resulted in the recent protests.
Glad to see some relaxation and believe coming to the CNY next year, the government understand how important this festive season is to the millions of overseas Chinese working abroad and needing to come home to visit their loved ones.
Healthcare system is a sector that I pay close attention to in China as the potential is HUGE! From aging problems to many western drugs that wanting to penetrate China, the collaboration with TCM and expansion of hospital services, there are just so many areas to improve on as it gets more urbanised and the demand for healthcare is even greater !
This is a good time to invest in China slowly on the way up !
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www.cnbc.com/2022/12...omic-challenges.html
We need to see the magnitude of the first wave of Covid-19 now that the Government has relax the policies and more people are getting back to their normal lives. Travel will be a big business as pent up demand will drive sales for what's lost in the past 3 years. Not forgetting the upcoming festive seasons where millions of migrant workers will be coming home.
We need to see the magnitude of the first wave of Covid-19 now that the Government has relax the policies and more people are getting back to their normal lives. Travel will be a big business as pent up demand will drive sales for what's lost in the past 3 years. Not forgetting the upcoming festive seasons where millions of migrant workers will be coming home.
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Buy on bad news !!!!
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www.cnbc.com/2023/01...levels-just-yet.html
Now, if this article predicts correctly that consumer demand will pick up in 6 months time, do you buy into the China market now or later ?
Now, if this article predicts correctly that consumer demand will pick up in 6 months time, do you buy into the China market now or later ?
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added more last night
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current price around 89 dollars is the resistance level which it was rejected twice, once in April and then in June this year. So, for those who wish to long this ETF, wait for the breakout first.
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loaded some last night
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Current price level is crucial as we can see it has been supported historically several times with strong rally. The Government's meeting is also showing to the people that it has the resources and capabilities to resolve its problems.
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most likely to add more tonight. Good bullish candle !
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added some