China - LONG Term Growth Play - SHCOMP Index
Updated
Western Indexes low yield, low growth from a prolonged contraction via pandemic and weak economic growth, go East young man/woman.. go East!
Shanghai Composite index... giant sideways consolidation, Triangle, channel.. may see more sideways before a breakout, but once it does.. it will outstrip any North American or Europe Index.
Add to the fuel China's growing middle class, Asian indexes will over take North American exchanges in the next decade, similar as US exchanges overtook Japan from their High flyin' 1980's
Upside potential, anywhere from 100% to 2000% LONG Term
Present time Neutral to LONG .. any pull back to 2250-2000 would be a possible swing entry.
Shanghai Composite index... giant sideways consolidation, Triangle, channel.. may see more sideways before a breakout, but once it does.. it will outstrip any North American or Europe Index.
Add to the fuel China's growing middle class, Asian indexes will over take North American exchanges in the next decade, similar as US exchanges overtook Japan from their High flyin' 1980's
Upside potential, anywhere from 100% to 2000% LONG Term
Present time Neutral to LONG .. any pull back to 2250-2000 would be a possible swing entry.
Trade active
'The unrelenting pace of inflows heading for China’s bonds and stocks has one yuan bull predicting the currency could strengthen to a level not seen in nearly THREE DECADES.' bloomberg.com/news/articles/2020-12-12/relentless-china-inflows-spur-call-for-strongest-yuan-since-1993?srnd=markets-vp
Trade active
Ray Dalio sees the need to have “a significant portion” of its portfolio in Chinese assets for long-term diversification and shorter-term tactical trading purposes.bloomberg.com/news/articles/2020-11-02/ray-dalio-is-bullish-on-chinese-bonds-on-growth-and-yield-bet
Trade active
China Hedge Funds Add $200 Billion, Trouncing Wall Street Rivals bloomberg.com/news/articles/2021-02-07/china-hedge-funds-add-200-billion-trouncing-wall-street-rivals "The nearly 15,000 funds offered by Chinese managers returned 30% on average last year, with the best-performers surging 10-fold, according to Shenzhen PaiPaiWang Investment & Management Co. That dwarfs the average 12% gain for hedge funds globally."
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.