November 08, 2012 at 18:02 PM EST
Several Chinese ETFs Forming Bullish Chart Patterns
Despite posting losses Thursday, some exchange traded funds that track Chinese stocks have been forming bullish patterns. IShares FTSE China 25 (FXI), the benchmark fund for that country, is forming a cup-with-handle base. The fund cleared a handle last week, but it was short and the chart appears to be shaping a new handle with a potential buy point at 38.25. The ETF, one of the most heavily traded in the U.S., has made weekly gains in strong
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