See chart.
Banging on domestic tourism, hospitality sector picking up, Covid-19 situation improving, PMI data improves, possible US- China trade tariffs lifted soon , Central government determination to shore up the economy, urbanisation rate increasing, more people returning to work
Banging on domestic tourism, hospitality sector picking up, Covid-19 situation improving, PMI data improves, possible US- China trade tariffs lifted soon , Central government determination to shore up the economy, urbanisation rate increasing, more people returning to work
Note
we see a near triple bottom pattern forming with yesterday closing price at around 3630 level, coincide with previous low in March 2020 and May 2019.Other than the Covid-19 zero policy, I think all the negative news that had hit China are already factored in. Near term, there is bound to some turbulence but if you have a longer time frame, I think this is the best time to get in
Note
3549 level seems like a strong support.... we have a nice bullish engulfing candle at the close. Let's wait for next week to see if the rally continues and see if any pattern emerge
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.