The Chinese QQQ also broke out today from a channel it has been in since the very start of 2023.
Incredible timing for all Chinese stocks that we follow to breakout of their respective resistance levels at the same time.
The 200 Day MA is also the big elephant in the room here looking above at $35
A break out and hold above this level and we in a strong position across the board, for $BABA, $BIDU and $JD.
I hold $BABA and $BIDU as my exposure and hedge against a delicate US market right now
Rafael Rave
2024-04-27 14:21:39 +0000 UTC