Goldman Sachs raised their forecasts on Chinese stocks after the Chinese market soared by 50%
Investment bank Goldman Sachs (GS) recently announced it is raising its forecasts for the Chinese stock market after the Chinese regime injected $142 billion.
But what? The bank did so after the Chinese market soared by 50% in 3 weeks.
We reported on this in real time, and since our report, many stocks and ETFs we mentioned rose by 40% or more, providing insane two-year profits in just two weeks.
And what about the technical level? According to technical analysis, the China Tech ETF KWEB reached resistance at the 200-week moving average.
This means there will likely be declines for the near future, and accordingly, Goldman Sachs' recommendation is hindsight after a historic surge, and may prove to be a broken reed.
-