As you probably know, the Chinese market pumped by the end of 2015, reached it’s peak in March 2016. Took a nose dive in June of 2016.
If somebody has invested at the bottom period in June 2016, he/she might have made up to 100% gains in November 2016, in 5 months. Not sure if anyone used this opportunity because already people had become bag holders and there was no cash flow to invest. And probably this was the reason, it was not talked about.
Let’s look at the charts:
4L.com chips 2 years graph:
4L.com random 2 years graph:
5N.com chips 2 years graph:
You can spot this pattern in any Chinese niche during this period, July to November of 2016.
Chinese market at the time is trading sideways. About to shake hands with two year lows. There is very less demand, which could tank the prices even more unless demand (buying) picks up. If the demand will be consistent, we get to notice that “V” shaped formation you see in the above charts.
Look for the formation of “V” and don’t miss another opportunity. You will definitely get this again!