ASHR weekly - golden cross at sight - 9/1/2016September will be critical as 10/40 week cross may occur (or fail). Might be a buy if price > $26.
ASHR trade ideas
ASHR weekly - cautiously bullish - 813/2016ASHR quietly surpassed April high ($24.86 vs. $25.03) and I think it is ready to challenge the 40 week MA and the red resistance line ($26 level).
The bullish case can be confirmed once it is able to close above the red resistance (if that happens, $37 is possible).
ASHR weekly - bottom still needs be confirmed - 7/30/2016So far so good. Might be working on a retest but as long as the blue support holds, I am fine with it. Good chance next stop is $26 area.
ASHR weekly - pay close attention to it - 6/29/2016the chart seems to suggest China A share ETF is on the verge of major trend change (bias toward going higher). Given the mess in Europe and valuation in the US market, emerging market in general is appealing. Stay tuned.
ASHR weekly - next target - 3/18/2016It has a reverse head and shoulders, broke out, retested the neckline and now broke out again. RSI and MACD look great. I think next target is $26.8.
ASHR weekly - inverse head and shoulder - 3/4/2016Might be targeting $26.8 level (and even that is still far from .236 Fib, which is $29.50 level) RSI breaking out and MACD is close to be positive.
ASHR weekly - early stage of turn - 2/19/2016Looks like it wants to turn. Worth paying attention in the next several weeks.
$ASHR $SPY the massive H&S pattern played out perfectlyThe setup from the right shoulder was perfect, and $ASHR did not disappoint cutting right down through the neckline. My 22 target is near.
$ASHR H&S Pattern Playing OutThis chart is demonstrating a classic bearish head and shoulders pattern long term. The neckline is pointing down, which is even more bearish. Target $22! Look out below.
China ETFs Feeling Disproportionate Liquidity PainDrawn in by its epic climb and lack of market access, a lot of tracking indexes were made to take advantage of China's equity market rise. The subsequent tumble hasn't played out proportionately though. For example the DB Harvest CSI 300 ETF collapsed 7.6 percent while the index only dropped 1.8%
Bullish Chinese A ShareDespite the noise and mocking on the Chinese stock Collapse, there is no sign the Chinese A Share is stopping. In fact, it has a huge spike on the A Share. The Bullish Channel is still intact. There weren't any correction on the Chinese A Share for the last 9 months.
In addition, soon, the Chinese market will break the historic high of Shanghai CSI 5000. It wouldn't surprise me if it goes to 6000.
