$FXI bouncing off medium-term support (4/5)
Some risk in the short term because we are nearing downtrend resistance since 2021.
However, long-term looks promising as we did a fake breakdown of 2011 support.
China easing with COVID restrictions and loosening crackdown on tech (CQQQ) can also serve as potential fundamental support.
However, long-term looks promising as we did a fake breakdown of 2011 support.
China easing with COVID restrictions and loosening crackdown on tech (CQQQ) can also serve as potential fundamental support.
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