30th Oct 2022
Risky trade but worth a try with good Risk Management.
Chinese ADR shares will be sensitive to Geopolitics problem. However, if there is any chances or positive side from Chinese Government, these shares are ready to fly (bullish).
Current price for dollar averaging if you believed Alibaba is a long term play.
Do note that, there are more room for both HSI and China A50 to drop. So this call will be risky.
Support $55
Resistance: $100/$100 first
Risky trade but worth a try with good Risk Management.
Chinese ADR shares will be sensitive to Geopolitics problem. However, if there is any chances or positive side from Chinese Government, these shares are ready to fly (bullish).
Current price for dollar averaging if you believed Alibaba is a long term play.
Do note that, there are more room for both HSI and China A50 to drop. So this call will be risky.
Support $55
Resistance: $100/$100 first
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.