$FTSE China Bull 3X Shares(YINN)$ ok. little portrait of the situation
not doing very well due to ECOSYSTEM. for valid reasons? idk. Chinese economy can be a low speed, but don't worry for China =)
ok. pivot at 23 area. last support at 22. IF WE BREAK DOWN 22, we might visit the lower gold line, which form the downtrend channel establish and that need to swing.
In my opinion we won't break down the 22. the should continue up UNTIL we hit the TOP gold line, which obviously is the resistance trend line of the last trend.
I think, and that considering the evaluation of some leader chinese stocks, the swing is imminent to me.
this etf never went so low in it's life. yet China grows =) do you see the divergence here? only by examining the ecosystem you can make a good idea.
thats my opinion. no advice.
BTW, 3 beautiful gap that need to be filled =) soon.
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