Maybe Chinese stocks are coming into rotation, but looking through charts, I came up with another Chinese trade looking good.
CSUN 30 min 3C accumulation as it breaks out of a bullish descending Wedge
I'd give it a little room on the stop as wedge breakouts have been volatile lately, maybe around $4.15 or so.
Here's the wedge breakout. A strong close and rising volume would be very bullish, otherwise we may see a pullback, thus the wider stop.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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