News Failure and Favorable Winds for Chinese Stocks
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
Buy Limit
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
Trade closed manually
breakeven; price didn't hold above DMA(10)
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