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Oqvist: Why I'm so sure of this long term bullish trade
Fredrik Oqvist, Founder of ChinaRAI, is keeping an eye on the Guggenheim China Small Cap ETF after recent economic reform policies in China. The ETF has shown strong bullish trends over the last month.
Reforms in China have started to open doors from European based companies, which is helping to stimulate China's consumption based economy. As a result, demand and growth in the automobile and healthcare sectors are expected to increase in the future.
The Guggenheim China Small Cap ETF’s momentum has Fredrik ready to enter at USD 27.17 with a stop at USD 25.40. He has set a target range between USD 32-35, which as he stated should be adjusted on a monthly basis.
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