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China Bull 📈 China dragon revive again?

Back in beginning of April, I shared that China/HK stocks are showing sign of strength.
On top of the policies that China government impose, charts have continuously formed higher low, and nearing a high - close to a breakout
$Direxion Daily FTSE China Bull 3X Shares ETF(YINN.US)$ YINN - leveraged ETF of $iShares China Large-Cap ETF(FXI.US)$ FXI, it tracks the big cap of China companies, have similar price movement but 3 times leveraged. I made my buying decision based on FXI, leveraging on YINN its leveraging effect.
When first introduced -
YINN - 20.24 > 26.39 (+30.3%)
FXI - 24.59 > 27.15 (+10.4%)
China Bull 📈 China dragon revive again?
I have mentioned that - instead of averaging down, I prefer to participate when price near breakout/breakout
China Bull 📈 China dragon revive again?
Prior to recent bullishness in $Hang Seng Index(800000.HK)$ HSI has formed a inverse head and shoulder chart pattern
Current price breakout of the pattern and holding above 200MA.
Hang Seng Index
Hang Seng Index
FXI and YINN has similar chart - VCP pattern and breakout from stage 1 base. Confluently, price breakout from 200MA and holding above, formed another higher low - a characteristic of uptrend.
Large cap ETF
Large cap ETF
Top ten holdings for FXI -
YINN - leveraged ETF
YINN - leveraged ETF
YINN - beginning of uptrend
YINN - beginning of uptrend
anyway, I believe this is the beginning of the uptrend of China stocks after being down severely in the past few years.
China Bull 📈 China dragon revive again?
extremely thankful and grateful for the gain!
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Swing Trader 📈 Growth stocks 🏆 FB: Nigel Chong 庄证评 🌟 Influenced by MM VCP Trading Style & WON CANSLIM 💯
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