$LI
Added 2023-10-26 16:02:16 +0000 UTC$LI has also been immaculate, Wave 4 pulled back stronger than expected but the structure never lost any shape and the 200 Day MA has been acting as a potential support level if needed.
$XPEV, $LI and possibly $NIO are holding crucial levels right now......although $XPEV and $LI certainly look stronger, but lets see if they can all rise together.
Theoretically, if US stocks are struggling due to their domestic macro conditions, Chinese stocks (who are in a completely different economic cycle in China) should be a good hedge against a tough US market and this has been one of the main reasons why we have exposure to $NIO and $BABA.
Comments
Am I correct wave 4 has ended?
Dan G
2023-10-26 18:27:42 +0000 UTCI don't believe it is very strong but the Chinese economy is likely to be helped by their government in a progressive way by pumping money into their economy.....the US is not able to do this right now.
Gareth Neary
2023-10-26 18:17:29 +0000 UTCBut we are assuming that chinesse economy is strong now. And is it in this context ?
RH+
2023-10-26 18:16:15 +0000 UTC
