Jan. 17 at 10:27 PM
$ECNS Weekly is showing signs of a major bottom. 🇨🇳
Small-cap Chinese equities are starting to wake up as we move into 2026. Price just bounced off a critical multi-year trendline support, and the Moving Average Convergence is signaling a shift in momentum. With China's trade surplus hitting new highs at the end of 2025, the macro backdrop for these small-caps is turning constructive.
Key Levels to Confirm:
🟢 Bulls: Need a weekly close above
$35.87 to confirm the breakout from this wedge and target a re-test of
$40.05.
🔴 Bears: Looking for a breakdown below
$32.64 to invalidate the bounce and open the door for a move toward
$30.39.
Keep an eye on the volume; we want to see institutional accumulation follow this technical crossover. 📈#hovdid