Sorry, I couldn’t resist the headline. D for Dragon.
The Templeton Dragon fund, my preferred actively managed way to be long China/Asia, is declining within the would-be Handle of the 2nd Cup (black). It is actually the first Cup that I would consider notable because its Handle is forming after making a higher high.
I am pared down on longs, but I held this one due to the chart. Below 23 would hurt the bull case. Otherwise I’ll watch the MA 50 to see what goes on around there.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates (including Key ETF charts) and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com and Biiwii.com.
