Hang Seng Index to rise further? ๐ ( China ends quarantine )
Hello, good day traders! ๐๐ค
I'm currently in aย buy๐ ย setup for $Hang Seng Index(800000.HK$ย , with both fundamental and technical indicators to back it up.
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๐ฐFundamentally,
China says it will end quarantine for inbound travelers on January 8, signaling the end of the country's nearly three-year-old zero-Covid policy.
According to health officials, the country also downgraded Covid from its current top-level Category A to a less stringent Category B.
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๐คOn the technical front,
1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy stop entry at 19926.48, where the recent highs are located.
2.) My stop loss will be at 18885.20, where the 20% Fibonacci line and recent low are located.
3.) I am looking to take profit at 22423.51, where the previous swing highs are located.
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Trade Entry recommendations:
Buy Entry: 19926.48๐
Take Profit: 22423.51 ๐ฒ
Stop Loss: 18885.20โ
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Other tickers to recommend:
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โฅฃLiD1016โฅฃ : You don't know China
โฅฃLiD1016โฅฃ : I mean, your political and economic analysis is relatively short. Using this kind of short-term analysis to influence long-term technical analysis will definitely be problematic
ๆ็ปๆต ๆๅบ ๅ ไป : $E-mini NASDAQ 100 Futures(JUN4) (NQmain.US)$ This should be fine if it doesn't fall below 10,000 points
HopelessChi ๆ็ปๆต ๆๅบ ๅ ไป: papa US have many backers and have more liquidity. Chinese equities follow it regardless of anything hence china is still not a buying opportunity lol
้ฑ็ฑๆๆ็ฑ้ฑ HopelessChi: lol.....stop shorting.....us monies is going to flow out once deep recession hit
ๅฐ็ฅจ : Then it's only a matter of waiting for 1/8 to see if there are any changes
HopelessChi ้ฑ็ฑๆๆ็ฑ้ฑ: I am going to have a free lunch (going to choose a expensive one) as I got someone putting this bet if HSI end 2022 at 20,000 mark! woo hoo!!
HopelessChi ้ฑ็ฑๆๆ็ฑ้ฑ: lunch still on? I set place?