Currently: Cash Looking to: Buy @ $48.52
As of 2/26/21 close: $49.07
LAST WEEK: We suggested buying dips in FXI to $52.20 with stops honored on a close below $52 and with a target of $57.
UPDATE: The iShares China ETF (FXI) tumbled hard last week and violated stop-loss trigger levels with ease in the process. This week, we are looking at the daily chart for clues as to where support may come into play. Right now, we believe FXI will find solid ground at $48.52 and will commence a rally that will take prices up to $56 or so. Buy dips in FXI to $48.52 with stops on a close below $48.40 and with an upside target for taking profits at $53.90.