The MSCI China ETF has broken upwards out of its Medium -Term Bear Channel at around USD53.60 and could test USD59.70 and even USD65.60.
Tencent gave a positive break in March 2022 and has moved mostly sideways but is presently testing a Medium-Term down sloping resistance line at USD/HKD390.00. Alibaba made a positive break by breaking upwards out of a Medium-Term Bear Channel at around the USD108.00 level. JD.com made a positive break in March 2022 and traded mostly sideways until the most recent positive break at USD50.60 by breaking upwards through a down sloping resistance line. Baidu made a positive break in April 2022 by breaking upwards through a down sloping resistance line at around USD123.00. PDD made a positive break by breaking upwards out of its Medium-Term Bear Channel at USD54.40. Nio gave a positive Short-Term break in May 2022 by breaking upwards through the USD17.50 resistance level.
This report provides technical analyses of U.S. listed Chinese Shares.
