A friend of mine asked for my opinion on 2836.HK IShares India which he is owning right now. My suggestion is sell at least half of them these few days.
As we can see on the daily chart, the price surged greatly these days and hit the resistance. The might lead to a retreat of the price. Even if the price breaks the red uptrend line, there is another big resistance (blue line) standing near above. There is not much room for rising for this ETF but it carries high risk. So I think it would be a good idea to sell at least half to lock-in profits and be quick to sell all should the price fall.
No comments:
Post a Comment