I’ve been trading this market for a while and associated Chinese stocks, looking for 25000 to close Chinese long positions. Still could be bullish over long term, just thinking short term there could be a pullback after hitting 25000. Always tempting to hold longer but trying to manage risk and book profits as some point. MACD and RSI on weekly reaching overbought and I will try to wait for them to return to oversold conditions before reentering after target.
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.
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.