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Do you want to chase Chinese concept stocks?

Do you want to chase Chinese concept stocks?

After a slight rebound yesterday, Chinese concept stocks opened significantly higher today and rose sharply, becoming the shining star in today's market. FXI increased by 21% today, while YINN increased by 64%. Seeing such a rise, many people may wonder, is this a reversal trend? If so, not chasing now, wouldn't it mean missing a perfect opportunity for a sharp rise? Can you tolerate torturing yourself with the fear of missing out on such trades? Actually, when you calm down and think, whether to chase, how to chase, what are the risks of chasing, and so on, it is still important to analyze carefully and make decisions properly. Instead of blindly following the market uptrend and going long. Considering the recent falls of Tencent and Hang Seng Index below the long-term strongest support, this rally of Chinese concept stocks should be a rebound rather than a reversal. Therefore, since the opening today, I have been reducing FXI and YINN positions batch by batch as planned along with the rebound, because although FXI has recently broken through the 2-hour GMMA support range, it is still in a downtrend, with the strongest support around 37. I personally realized, gradually reducing positions during the stock price increase process is actually...
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