China Stimulus Exuberance

Hong Kong 50 Index PEPPERSTONE:HK50

Cherry94

Fundamentals & Sentiment

HK50:
- Stimulus package
- Home sales increased

USD, HKD:
- Risk: Strong NFP might put pressure on equities but it's quite ambiguous in the case of Chinese equities

Technical & Other

Risk: quite stretched

• Setup: TC(B)
  
• Setup timeframe: 4h
  
• Trigger: 1h
  
• Medium-term: Up
  
• Long-term: Up
  
• Min target: 24000
  
• Stop loss: 1.52%
  
• Position size: 0.5R
  

source https://www.tradingview.com/chart/HK50/TuStw5Ze-China-Stimulus-Exuberance/