What happens when a multi year RSI downtrend is broken?

The answer is usually an explosive move to the upside. The monthly RSI is close to being in oversold territory, so if someone wants to pick up some Chinese tech stocks, I think now is probably a good time to do so despite all the regulatory risks.

Good luck with your trades

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Obviously this might take a while to play out. When the covid lockdown in China and supply chain issues get resolved, this will probably be the catalyst for this rally.

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Buy and hold Chinese tech stocks, you'll be happy you did in 5 years. This setup is too great to ignore.

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Already up 20% on Alibaba

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

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