Hong Kong 50 Index
Long
Updated

China Stimulus Exuberance

216
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

Trade closed: stop reached
-1R; What was I thinking trusting price action before Mainland China comes back after holidays?

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