GXC And MCHI: COVID Casts Doubt On China Again (Archive)
COVID’s resurgence clouds China’s reopening, leaving GXC positioned weaker than MCHI.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- China is seeing another COVID spike. This may lead to a scale back of its economy reopening plan.
- The SPDR GXC China ETF looks relatively worse positioned vs MCHI, possibly driven by higher exposure to lockdown sensitive sectors.
- My technical analysis view using the Trend Flow, Support/Resistance Location, and False Breakout Traps suggests a pullback is due after recent bullish momentum.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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