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ISHARES CHINA LG. CAP ETF (FXI) – Daily

Currently: Cash Looking to: Buy @ $46.67

As of 3/19/21 close: $47.99

LAST WEEK: We suggested buying FXI on a dip to $46.67 with stops on a close below $44.70 and with an upside target of taking profits at $55.

UPDATE: The iShares China ETF (FXI) drifted lower last week and is on the way to a test of initial support at $46.67. If it holds, we should see a rally to $55. If it breaks, we could see a quick dip to $44.50.

Buy dips in FXI to $46.67 with stops on a close below $46 and with an upside target for taking profits at $55. If stopped out, try the longs again at $44.50 with stops below $44.