The sparrow may be small but its vital organs are thereRead news here , about this ETF here and here
This is a Chinese idioms -
má què suī xiǎo , wǔ zàng jù quán
Many finished goods like mobile phones to automobiles looks sleek,elegant and nice from the outside. But like the sparrow, the chips though small contain all the vital organs that drives the function of the mobile phones and the cars. Without it , it is useless. And the article above clearly shows us the global demand for it will only INCREASE over time.
For more than a decade since year 2001, this ETF was hoovering under sub 50 dollars price level. It was only in Jan 2015 that it finally breaks out of 50 dollars and the last 6 years has been nothing but spectacular performance. If you had bought it at 50 dollars and hold this ETF till now, you would have made nearly 5x the returns.
But had you not, fret not, here is another buying opportunity for you. A bullish engulfing candle and a breakout of the resistance at 243 price level would be a good entry point.
