Thursday, September 29, 2016 12:22 AM EST
Many love to associate China with doom and gloom, for one or another reason. Though China has passed the stage of exceptional rates of +10% annual GDP growth, it is still growing at rates not seen since many years in the U.S. and Europe.
After last year’s stock market collapse in China, it is clear that its market has stabilized. But here is the good news for stock market investors seeking low risk opportunities: China’s market could be on the verge of a huge breakout, leading to strong gains in its stock market 2017.
The chart of the Shanghai Exchange makes our point. The chart setup is truly exceptional, we have not seen such a pattern in a long time. Two trendlines are colliding right at the 3000 level. This is huge, as a big move is coming very soon. As support lines have held consistently over the last two years, the odds favor a bullish breakout, leading to a very bullish stock market in China in 2017.
As said before, we have noticed bullish energy in the FXI ETF, which represents the largest companies in China. Its chart confirms the one above: the FXI is ready to break out, and, once done, things will go very fast.
We remain very bullish on China, and believe its stock market will go much higher in 2017. FXI is an excellent ETF to play that trend.
Disclaimer: InvestingHaven.com makes every effort to ensure that the information ...
more
Disclaimer: InvestingHaven.com makes every effort to ensure that the information provided is complete, correct, accurate and updated.In spite of these efforts, errors may occur in the information provided.If the information provided contains errors or if certain information is not available on or via the site, InvestingHaven.com will make every effort to rectify the situation as soon as possible. However, InvestingHaven.com cannot be held liable for direct or indirect damages resulting from the use of the information on this site. If you notice any errors in the information provided via the site, please contact the manager of the site.
Moreover, the views expressed in the articles (posts) on this website are the ones from the authors and are for information only. It is not intended as an offer, invitation, or solicitation to buy or sell any of any security or asset described. Nor the website manager nor the authors do accept any liability whatsoever for any direct or consequential loss arising from the use of their content. Please consult a qualified financial advisor before making investments. The information on this website and in the articles (posts) is believed to be reliable , but the authors do not make any representations as to its accuracy or completeness.
The content of the site (including links) may be adjusted, changed or expanded at any time without notice. InvestingHaven.com does not guarantee the proper functioning of the website and cannot be held liable in any way for the improper functioning or temporary (un)availability of the website or for any form of damage, direct or indirect, which may be the result of access to or use of the website.
InvestingHaven.com cannot be held liable under any circumstances by anyone, directly or indirectly, in any specific or other way, for damages resulting from the use of this site or any other site connected by means of links or hyperlinks, including, without limitation, any losses, interruptions of work, damage to programmes or other information on the computer system or to equipment, software or other items owned by the user.
less
How did you like this article? Let us know so we can better customize your reading experience.
