Short
Potential Downside If The Wedge Breaks
CYOU looking bearish in the short to mid term. If we can get a clean break here, I think we will go even lower.
One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, gurufocus.com/global-market-valuation.php) and so be cautious of an index rally.
Short with a stop loss if this breaks above the broadening wedge.
One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, gurufocus.com/global-market-valuation.php) and so be cautious of an index rally.
Short with a stop loss if this breaks above the broadening wedge.
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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.