Last Thursday, my buy order for $MCHI was triggered after the ETF fell below 50 % of its all-time high.
I view this as an opportunity to gain exposure to a broad basket of Chinese companies at significantly lower prices than in previous years. While sentiment toward Chinese equities remains mixed, valuations have become much more attractive. The ETF is currently trading near its 52-week low and is down more than 18 % YTD, while the underlying portfolio trades at relatively modest earnings multiples.
Will it continue to fall? Maybe. Then I rebuy at predefined Fibonacci levels.
Will it recover quickly? Nobody knows, just the time ⏳will tell.
That's why I rely on a rules-based strategy rather than forecasts.
✅ Buy order triggered according to plan
✅ Disciplined position sizing
✅ Exposure to 500+ Chinese companies
✅ Follow the strategy
✅ Risk management first
Let's see where China 🇨🇳 is in the coming months and years.
#trading
#long
#tradingstrategy
#mchi
#etfs
#chinaetf
#china
#mikeupegui
