AMEX:YINN China has had lockdowns, trade wars, delisting and so on yet it hangs in there, The YINN ETF downtrend is in early reversal. An entry point may be soon RSI provides confirmation.
This ETF, is starting a bull trend, you just have tu buy and wait for more than 100%
Check the volumes of YINN, consisting with the start of an uptrend
i have been tracking this activity and now switching to $YINN, something good is coming guys.
China stuff is cheap today with all the rumors, but the true is that alibaba is the king of the ecommerce, so you will se a nice rebound in this ETF
Well. if you are following the news, China is reopening, the demand of microchips has been like in 2018 and more, Macau is reopening and Alibaba is selling like crazy. Technically you can find a huge symmetrical triangle like in bitcoin and other stocks, that could take it at least 40% from here.
Morning, today we have a flag like 5% for today, and there are like 4 patterns pointing to over 102 price.
Technical analysis on the YINN, it is a Chinese bullish 3X leveraged ETF with the largest holdings including Tencent and Alibaba. I am a huge fan of Chinese tech stocks, the Chinese market is massive and constantly growing as Chinese regulations becomes more lose (which if they want to compete with the United States it will) then Chinese stocks will start reaching...
This thing has been falling for 4 weeks non stop. Its quite standard for market crashes to last this long (see covid, and a bunch of other dow crashes in the early century) and the stock has started to go up. Could be wrong, but thats what stops are for.
After falling 77% from ATH to a level lower than Mar2020, I think YINN is ready to reverse. What is forming maybe a head & shoulder pattern inside a diamond pattern. Measured TP of H&S is 18. I think it will go to 16 first, then retrace to 13 before going to the TP at 18. Many Chinese stocks are already making HLHH like BIDU, JD, NIO, VIPS, LI. These Chinese...
Logarithmic regression is used to model data where growth or decay accelerates rapidly at first and then slows over time. This model is for the long term series data (such as 10 years time span). The user can consider entering the market when the price below 25% or 5% confidence and consider take profit when the price goes above 75% or 95% confidence...
The instrument seeks to return 300% of the daily performance of the FTSE China 50 index. The fund provides daily leveraged exposure to the index. The index consists of the 50 largest and most liquid public Chinese companies currently listed on the Hong Kong Stock Exchange.
Leveraged products often "reset" overnight, and essentially track the underlying assets movement during market hours only. So if an underlying security pops 10% between close and open, the leveraged product gets priced that morning, against the open of the underlying asset. In theory, that movement wouldn't be captured by the leveraged product. At least that's how...
Looks like the market find the short term bottom, IMO. Bought Oct. 1st $9.5/$10.5 call vertical for $0.67. All I need is $YINN close above $10.5 by Friday expiration to realize $0.33 profit, about 50%.My break even is $10.17.
Buy below $13. Sell above $19.50 for 1.5x gain. 2nd profit target 2x. 3rd profit target 3x.
Is this a turning point. Invers SHS maybe. Break above neckline and we have some good insight. IF that, strong upside.
waiting for YINN to resume uptrend