YINN - a leveraged bullish ETF for Chinese stocks.
YINN is a 3X leveraged bullish ETF of Chinese stocks. As can be seen on this one hour chart,
YINN has jumped nearly 30% since the beginning of the moth. On the chart is a moving average
ratio indicator ( with settings SMA7 / SMA28 ratio ). When the ratio crosses the zero line, the
shorter average is rising faster than the longer average demonstrating bullish momentum. Here
I used it as an entry signal. ( the exit signal would be the ratio dropping below the zero
horizontal line which has not yet occurred) For confirmation and further entry justification,
the volatility indicator shows spikes above the running average volatility in order to be
that there is enough volume and price action to get into a good trade in the direction of
the trade. Fundamentally, the Chinese economy is open and growing. the CCP has resisted the
urge to raise prime rates as compared with Western central banks. ( BABA and NIO have
good current price action.) Given the guidance of the chart, YINN seems to be a
good long trade I will continue to add to the trade when the chart tells me the time is right.
YINN has jumped nearly 30% since the beginning of the moth. On the chart is a moving average
ratio indicator ( with settings SMA7 / SMA28 ratio ). When the ratio crosses the zero line, the
shorter average is rising faster than the longer average demonstrating bullish momentum. Here
I used it as an entry signal. ( the exit signal would be the ratio dropping below the zero
horizontal line which has not yet occurred) For confirmation and further entry justification,
the volatility indicator shows spikes above the running average volatility in order to be
that there is enough volume and price action to get into a good trade in the direction of
the trade. Fundamentally, the Chinese economy is open and growing. the CCP has resisted the
urge to raise prime rates as compared with Western central banks. ( BABA and NIO have
good current price action.) Given the guidance of the chart, YINN seems to be a
good long trade I will continue to add to the trade when the chart tells me the time is right.
Trade active:
Price up about 15% since uploading the idea. currently a small pullback gives room
to add to the position
to add to the position
Trade active:
See also my updated idea just uploaded linked here
