News Failure and Favorable Winds for Chinese Stocks

29 באוק׳ 2024

Fundamentals & Sentiment

CN50A:
- PBOC has officially ramped up support for the stock market, relending facility launched
- Couldn't hold lower after bad Industrial profits release

USD:
- De-escalation sentiment after the attack on Iran

Technical & Other

• Setup: S(RTF)
  
• Setup timeframe: 4h
  
• Trigger: 1h
  
• Medium-term: Sideways
  
• Long-term: Up
  
• Min target: Local high
  
• Stop loss: 0.9%
  
• Position size: 0.5 of the normal Risk Unit
  

Buy Limit

2 בנוב׳ 2024

העסקה בוטלה באופן ידני

breakeven; price didn't hold above DMA(10)