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Palantir
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Hang Seng Index to rise further? 📈 ( China ends quarantine )
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.
📰Fundamentally,
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.
🤔On 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.
Trade Entry recommendations:
Buy Entry: 19926.48📈
Take Profit: 22423.51 💲
Stop Loss: 18885.20❌
Other tickers to recommend:
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Ask a strategist - Trump's first day
⥣LiD1016⥣ : You don't know China
⥣LiD1016⥣ : 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
搞经济 抄底 加仓 : $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ It should be fine if it doesn't fall below 10,000 points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
HopelessChi 搞经济 抄底 加仓 : 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
钱爱我我爱钱 HopelessChi : lol.....stop shorting.....us monies is going to flow out once deep recession hit
小票 : Then it's just a matter of waiting for any changes after 1/8
HopelessChi 钱爱我我爱钱 : 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 钱爱我我爱钱 : lunch still on? I set place?