CHINA50 Boosted by the new stimulus signal

25 июл. 2023 г.

DJ News Wire:

The country's top decision-making body signaled it would step up economic stimulus, including possible measures to aid the property sector. The memo released Monday by China's Politburo "essentially acknowledged the current property woes and opened the door further for a policy shift from stabilizing to at least modestly stimulating,"

Hopes for the new stimulus package boosted Chinese Shares.

Technically:

Cycle Sniper Daily Bullish Deviation and Crossing over 0

Cycle Reversal Filter headed North from the bottom.

Trade Idea:

Buy closing above 13.000 resistance.

Targets: 13.500 - 13.800 - 14.200

Good Luck