Chinese equity markets have been closed since Tuesday, but the ASHR ETF that tracks onshore China and trades on US exchanges has been trading, and yesterday it closed just below its 50-day moving average.  This break below the 50-DMA is seen as a negative technical formation, but we’ll be watching it closely today to see how it closes out the week.  Note that our trend algo still tags ASHR as being in an uptrend, and the sell-off over the last two weeks now leaves it with a “good” timing score.  Start a two-week free trial to Bespoke Institutional to access our Security Analysis page and everything else we offer.

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