Chinese stocks gap down

Chinese ADR stocks gapped down over the weekend. China's President Xi Jinping broke precedent over the weekend and secured a third term as the country's leader. The Chinese government's stricter stance toward technology companies over the past few years has dropped the stock price of Chinese ADR's continually for nearly a 2-year downtrend. MCHI has 632 holdings including the well known TME, BABA, JD, BIDU, PDD, NIO & NTES tickers. Here's levels on MCHI downtrend channel:

R3 = 47.97
R2 = 45.82
R1 = 43.67
pivot = 41.52
S1 = 39.23
S2 = 37.08
S3 = 34.78

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