CN1! trade ideas
A50: buy in batches, close positions in batches With the rapid rise of China's stock market today, the early long A50 profiteers have closed their positions in batches. We can see that their sell-off did not cause a panic drop in the market, which means there is enough buying power.
My suggestion: set up long positions of A50 futures in batches, some of which are held for a long time, while others can be closed at around 16280.
FTSE China A50 Index Weekly Candlesticks & Ichimoku ChartChina A50 Index breaking aggressively to new highs may be a signal that the melt-up in risk assets is just beginning. With the mainstream press and banks issuing buy recommendations on the stock market, the frenzy is likely to push this even higher - 19,500 is within sight!