AIA is facing bearish pressure and could see a further downside Prices are facing bearish pressure from our resistance and a break below our downside confirmation could see a further drop below this level.
AIA trade ideas
Asian markets - recovering and slowly moving to the upsideThe AIA tracks the 50 largest Asian equities. As you can see it's been moving steadily to the upside after the disastrous inception of COVID-19 in March-April.
It's sobering to compare this chart to the S&P, and especially the UK's FTSE 100 - it's clear to see that the AIA is a much safer bet at the present time.
Resistance has been flipped to support, and if it holds this level and moves upwards in Q4, then I'd be moving a fair part of my FTSE 100 position over to this ETF.
I added a moving average (200 MA) to this chart, not sure how useful these really are, but it's another metric that I'll use to judge this against the other charts.
NOTE: This doesn't reflect as broad a number of stocks as the S&P or FTSE so this is only a super rough comparison and isn't exact. If anyone knows better, drop it in the comments.
AIA - Tracking the Asian marketsAIA is an ETF that acts as an S&P equivalent for certain Asia markets.
It is made up of 58 equities. Tencent makes up 14%. Samsung 10%. Taiwan Semiconductor is 3rd.
Fund also holds healthcare, real estate and energy stocks.
