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Potential Downside If The Wedge Breaks
CYOU looking bearish in the short to mid term. If we can get a clean break here, I think we will go even lower.
One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, gurufocus.com/global-market-valuation.php) and so be cautious of an index rally.
Short with a stop loss if this breaks above the broadening wedge.
One thing to be aware is that Chinese stocks have an expected annualized return rate of 28% (source: gurufocus, gurufocus.com/global-market-valuation.php) and so be cautious of an index rally.
Short with a stop loss if this breaks above the broadening wedge.
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