FXI – Ascending Trendline Support with Breakout Potential

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The chart of iShares China Large-Cap ETF (FXI) shows a strong ascending trendline, tested multiple times (yellow circles), confirming bullish support.

Currently, FXI is consolidating just below resistance at $39, and a breakout above this level could trigger a strong upward move. The projected target is around $43–44, which aligns with a 12–13% upside potential.

Entry Zone: Above $39 breakout

Target Price: $43–44

Stop Loss: Below $37 (trendline support)

Momentum is supported by higher lows, consistent trendline touches, and a constructive RSI setup. If the breakout holds, bulls may push FXI toward prior highs.

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