Reading about the Chinese auto companies this morning and seeing how their cheaper vehicles are bound to dominate. I spend time in Mexico and see the onslaught of cheap Chinese vehicles selling for $18,000. Seems that almost all articles I read mentioning China, I walk away thinking that China is kicking our butt in business progress. Yet the US stock indices continue to break all time highs, day-by-day, while China's market, albeit having made significant gains since making a double bottom over the past year, is just muddling along.
I see FXI, at a minimum, being at 34 at the end of 2025, based on the current trend line in place. That's a 10% gain plus a 2%+ dividend that meets my 12% annual investment requirement. Currently, the gains have been capped at the .328% Fibonacci retracement level. Bad news if this is merely a corrective wave with lower prices ahead. But even as the US and Europe place tariffs on imports, the rest of the world is jumping at the opportunity to purchase cheaper products in a highly inflated world.
Double bottom target price is up in the mid 40s. I plan to be overweight in FXI in 2025.
I see FXI, at a minimum, being at 34 at the end of 2025, based on the current trend line in place. That's a 10% gain plus a 2%+ dividend that meets my 12% annual investment requirement. Currently, the gains have been capped at the .328% Fibonacci retracement level. Bad news if this is merely a corrective wave with lower prices ahead. But even as the US and Europe place tariffs on imports, the rest of the world is jumping at the opportunity to purchase cheaper products in a highly inflated world.
Double bottom target price is up in the mid 40s. I plan to be overweight in FXI in 2025.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.