Should you buy China Concept Stocks now? How are institutions planning to take profit?
@OptionsDelta:
After failing to reach 22,000 today, the Hang Seng Index pulled back to 21,814, forming an ugly upper shadow line. At this critical moment, while there's consensus about the pullback in China concept stocks, is this pullback a good entry point? Should those who are already invested consider taking profits?Examining large options orders for China concept ETFs over the past two days, I conclude that the pullback trend may continue until month-end. For KWEB, the pullback will likely stay above 31.5, with a small chance of going below. FXI may see a larger pullback than KWEB.Let me briefly explain the differences between these ETFs. KWEB is a Hong Kong tech stock ETF, FXI covers various sectors with tech stocks as the main component, and YINN is a 3x leveraged ETF based on FXI. In terms of liq