Yesterday we saw even more distribution across many sectors, with semis remaining weak and entering solid downtrends (if they hadn’t already).
China names have now given back most or all of the move, it’s hard to ignore how JKS refuses to give back a cent. ENPH, FSLR etc all looking good here too, thanks for Musks push for mass solar deployment. If/when China bounces and if solar gets a push, JKS could see a double whammy inflow.
Another China name hard to ignore is $ZK a recent IPO, look at the strength of this compared to NIO LI etc. That nasty selloff hit a buy wall that would not budge.
With that said, the whole idea for the China play is valuation metrics and turnaround growth. Meaning, KWEB is safer play on that fundamental basis…
Aside from that still waiting for some setups to form.
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