Global X Funds Global X MSCI China Communication Services ETF (NASDAQ:CHIC) Dropped -0.6% – Here’s Why

For its latest trading sesion, Global X Funds Global X MSCI China Communication Services ETF (NASDAQ:CHIC) dropped by -0.6% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.217, an Accumulation/Distribution Index (ADI) of 0.217, an On-Balance Volume (OBV) of 51.894, and a Chaiikin Money Flow (CMF) of -25.655. 1.029

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Global X Funds Global X MSCI China Communication Services ETF (NASDAQ:CHIC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.