ASHR is the XTrackers Harvest CSI 300 China A-Shares ETF. It tracks an index of the 300 largest and most heavily traded Chinese shares traded on the Shanghai and Shenzen exchanges. Overall, the ETF is trading a slight premium to NAV and the technical setup is one that I am getting interested in for a play into the end of the year. Take a peek:

 

The makings of a falling wedge breakout which is coming back to retest. We are seeing a bullish momentum divergence and I have highlighted an area where I will look to add a starting position out towards the end of the year. I generally don’t trade or invest in ETFs but I have some new capital to put to work that I can’t get fancy with. I will be looking at $31-$32 strike options, will wait for my price and will add to the position if need be. I am looking at this trade being 3% of overall capital in this particular account.

Happy Friday y’all!

OC