Currently: Cash Looking to: Buy @ $43.72
As of 1/15/21 close: $48.62
LAST WEEK: We suggested buying dips in FXI to $46.43 with a target of $54 and with stops on a close below $44.65.
UPDATE: The iShares China ETF (FXI) had a bullish week last week. However, the way things are tracing out on the chart has us thinking there may be a short-term pullback soon. That pullback should it actually occur may take prices down to $43.72 or so.
We would look to buy dips in FXI to $43.72 with stops honored on a close below $43.20 and with an upside target of $54.