Electronic traded fund based on Chinese Stock This stock is a very hard issue to trade ...The first consideration is the time zones china is closing when the USA is opening ....this is good because you can get a good idea where the ETF is going to go before the USA market opens...
Great Question ... Onohay.....I'll see if I can help you out....first of all this etf follows the FXC and $spx very closely.Run your comparison based on % of change.... also if your day
trading this issue, don't hold over night or weekends .....don't make any
decisions until about 90 Min's after open.....trade with the 2day
trend ...follow the 4Ema with the 10/20 Ema as the buy sell range.this
stock has a wide trade range. Use bollinger bands the price action is over driving
the channel on corners (tops and bottoms) ...if you want to just buy
and hold this stock the trend avg is $134.5 (+/- $16.50 deviation.).....the long
trend is up on avg of + .50c a trade day...just wait until price
moves back to the center around 134 down to 120 it well get there just give it a few more
weeks. then buy in at the 120 to 130 range .....if your already in ,
I'll say price is moving to the lower range for the next 2-3-
weeks ......Hope this helps.........Questions?
Neboxian
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