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FXI trade ideas

FXI - iShares China Large-Cap ETFPrimed for a bit of sell off due to geo-political reasons and some good old-fashioned TA. Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like this is heading back down to the 0.618 range, supported by the MACD showing bearish signs along with a PSAR stop and reversal looking on the cards too. I’ve set by buy order. $39.12 Over 50% of the holdings in the ETF are from solid sectors (Financials, Real Estate, Communication) that should weather a downturn if things get bad. Short for now. Long after $39.12
AMEX:FXILong
by HolleyIG
Short FXI I shorted the FXI early February, I am still in this position. Expect it to continue to drop another 20% to 25%. China has been reporting 0 new cases of the CCPvirus for the past week, while I believe the cases have dropped I do not believe it is 0. They have been opening up many locations such as Guizhou and Xinjiang (East Turkistan), theaters in Beijin, etc. There currently have been many inside reports of new cases within China such as 209 high school students from Jinping having a fever/diarhea. Given Murphys if a single person still has it a second wave will come in, it is likely thousands still have it. While report numbers of 0 is unknown to be true the markets will know for sure after economic conditions, pollution emissions and other factors show up.
AMEX:FXIShort
by leoi137
FXI prepare to Long, buy after re-test breakaway GapExisting Condition: demand Zone had been confirmed. G1: breakaway Gap broke previous downtrend. Pending Condition: Re-test breakaway Gap, After Gap fill, it should not go lower. Confirmation entry: If it goes lower after the Gap fill, do not buy. Buy Above 34.5 and below 34.85 Stop: 34 Target: 37.5 Risk/reward=1:3 Advanced Option Plan: YANG (Direxion Daily China Bear 3x Shares ETF NYSEARCA: YANG) If FXi will go up 8%, YANG will go down 24%; Buy YANG Put in long term. The problem is this 3x kind ETF options are very expensive, you must have the experiences to trade and lock profit at the right time. They are not good to be traded most of the time. Currently, Some brokers do not allow open trade this kind 3x options, they only allow close trade. This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate. In real trade, I use options. Using Option allows me to set my stop behind next fresh demand/supply zone, to avoid being stopped at the same price as other stock traders. Sum of my ideas: 1 winner, 1 loser, 1 active, 7 cancelled, 3 pending for condition, 1 analysis only.
AMEX:FXILong
by PlanTradePlanMM
$FXI bullish rising channelPrice bounced off lower blue line after consolidation. Broke through resistance around 42 today. Looking for roughly 43.50 by December 6. $44 will be significant resistance at the conjunction of the upper projected Bollinger Band, the upper blue channel line and the .76 Fib line. In regards to macro events; Hong Kong just elected a pro democracy cancel majority which should calm things down in Hong Kong A LOT. Also, Trump has said he may veto the bill targetting Hong Kong for sanctions so as not to derail trade agreement. With a new "government" elected in Hong Kong, Trump has enough wiggle room to "give peace a chance" and veto the bill. China has been putting out press releases emphasizing progress with Phase 1 and it's almost complete. I'm looking for an announcement of a signing date any day now. The Chinese want to avoid additional tariffs on Dec 15 and Trump doesn't want a repeat of last years stock market meltdown during the holidays. I think this will all come together any day now before December 15. (After the deal is announced, or Dec 15 arrives, it will be time to reassess).
AMEX:FXILong
by hawkowl