Update Ishares Dow Jones China Offshore PG Party

While the American and European stock markets are bored in agonising sideways phases, there is a party going on in China. If you don't feel like analysing stocks and prefer a complete package, the countless Ishares products are a possibility. I have been holding this ETF for a long time now and it delivers continuous performance.

PG Party and no end in sight

Signals have formed on both major time frames here and both have since broken out. While the breakout on the monthly chart is fresh and virgin, we are already well into the move on the weekly chart. However, I think a retracement of the PG on a weekly basis is too early, as the PG on a monthly basis still has potential. We are more likely to form a range and a new PG and another breakout on the upside but this is pure speculation. The Hang Seng Index is also very exciting at the moment but more on that in the next post.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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