China Internet ETF - Bull flag

7 Jan 2020

Technical analysis

• We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd.
  
• Now this resistance has become out short-term support.
  
• A bull flag is forming today, as a continuation of the bull pattern.
  

Top 10 Portfolio holdings

• Name - Symbol - % of ETF assets
• Meituan Dianping - 03690 - 10.43%
  
• Alibaba - BABA - 10.19%
  
• Tencent Holdings - 00700 - 8.83%
  
• Baidu - BIDU - 7.46%
  
• JD.com - JD - 6.58%
  
• Pinduoduo - PDD - 6.56%
  
• Tal Education Group - TAL - 4.27%
  
• NetEase Inc - NTES - 4.21%
  
• Trip.com - TCOM - 3.45%
  
• 58.com - WUBA - 3.36%
  

Top 10 holdings % total = 65.36%
Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap