Mar. 20 at 7:28 PM
Beijing just handed traders a roadmap — China's Five-Year Plan is loading up on tech, and smart money is watching the re-rating play.
$FXI sitting at
$36.19, below all major MAs, RSI 38 — oversold but no catalyst yet.
$GXC.X at
$94.06, RSI 34.80, down 6% in a month.
$PGJ getting crushed hardest, -8.36% last month, RSI 35.69. All three screaming oversold if Beijing follows through on tech stimulus.
Watching
$FXI for reclaim of SMA20 at
$36.88 as first confirmation. Bulls also eyeing
$YINN and
$CQQQ for leveraged upside on any policy pop. 52-week low risk on
$FXI is
$29.20 — defined downside.
Don't chase. Wait for price to confirm the narrative. Policy tailwind means nothing until charts agree. 👀
#China #EmergingMarkets #ChineseStocks
