Hang Seng Index Outperforming? 😮📈

Hello, good day traders! 👋🤙

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

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📰Fundamentally,

Hong Kong stocks outperform global markets for the week as signs of a Covid-19 policy shift emerge.

Hong Kong stocks gained more than the rest of the world's major markets this week, as traders increased their bets that Beijing will relax its harsh Covid-19 restrictions and shift its focus to economic growth.

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🤔On the technical front,

1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud. Looking for a buy entry at 18235.48, where the previous swing low and 50% Fibonacci line are located.

2.) My stop loss will be at 16829.00, slightly below where the 23.6% Fibonacci line and -27.2% Fibonacci expansion line intersects.

3.) My take profit point will be at 20696.83, which is where the 78.6% Fibonacci line is located.

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Trade Entry recommendations:

Buy Entry: 18235.48📈

Take Profit: 20696.83 💲

Stop Loss: 16829.00❌

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Other tickers to recommend:

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

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