This evening, 9 out of the top 10 ETF performers are China-related. Well done to clients who may have capitalized on the initial view.
To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk on E-mail: tradingdesk@unum.co.za | Call: 011 384 2923
Monday 09 December 2024 (Time: 21h41 S/Africa / U.S Trading Session)
Previous Post (Friday 06 December 2024 at 10h16 South African Time / Pre-Market U.S. Trading Session): CHINESE EQUITIES Momentum Is Re-Emerging. Consider This ETF To Gain Exposure
Investing in Chinese equities comes with a higher level of risk.
On this basis, a smaller-than-average allocation should be considered within a larger diversified portfolio. To gain exposure, the Xtrackers Harvest CSI 300 China A-Shares ETF could be considered.
Technical Takeaway
The initial price surge, followed by a consolidation.
This has resulted in the development of a pennant formation where the price is looking to re-ignite it's upward price momentum.
To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011 384 2923
Lester Davids
Analyst: Unum Capital
Noted Added: Friday 06 December 2024 at 10h16 (South African Time)
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