In our October monthly we noted that we didn’t trust the spike in the Chinese stock markets and that, while we believed that there may now be a long term base forming, we saw this as a potential dip to be bought rather than a rally to be chased.
So with a near perfect 50% Fibonacci retracement of the rally, should we be buying?
Well - and with the all important caveat that this is not to be considered investment advice, please speak to a financial advisor - the answer is, to quote Oasis, Definitely Maybe.
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