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
Commento:
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
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