Hang Seng Index Post US CPI Release Buys 📈📈📈

Hello, good day traders! 👋🤙

I'm looking for a potential buy 📈 setup for $Hang Seng Index (800000.HK)$, with both fundamental and technical indicators to back it up.

📰Fundamentally,

Hong Kong stocks jumped more than 5% as shares in the Asia-Pacific rose after the release of U.S. inflation data in October raised investor hopes that inflation has peaked.

The Hong Kong Hang Seng Index rose 5.30% with the Hang Seng Tech index rising 7.12%. In mainland China, the Shenzhen Component added 1.839%, while the Shanghai Composite Index gained 1.64%.

🤔On the technical front,

1.) Looking at the Daily chart, with my buy stop entry activated at 16447.53, where the 23.6% Fibonacci line and -27.2% Fibonacci expansion line is located.

2.) My stop loss will be at 14597.31, which is where the 0% Fibonacci line and previous low is located.

3.) My take profit point will be at 18235.48, which is where the 50% Fibonacci line and market gap is located.

Trade Entry recommendations:

Buy Entry: 16447.53📈

Take Profit: 18235.48 💲

Stop Loss: 14597.31❌

Other tickers to recommend:

For 5x Long Leverage: $HSI 5xLongSG230420 (CWAW.SG)$

For 5x Short Leverage: $HSI 7xShortSG230920 (CZBW.SG)$