A Glimpse of Optimism for Chinese Stocks

31 ott 2024

Fundamentals & Sentiment

HK50:
- Swap program aimed at supporting the stock market
- NBS PMIs Beat

USD:
- Risks: Upcoming Elections

Technical & Other

• Setup: S(RTF)
  
• Setup timeframe: 1h
  
• Trigger: 15m
  
• Medium-term: Range
  
• Long-term: Up
  
• Min target: Local high
  
• Stop loss: 0.68%
  
• Position size: 0.5 of the normal Risk Unit
  

31 ott 2024

Trade chiuso: stop raggiunto

-1R

31 ott 2024

Trade attivo

Reentered

31 ott 2024

Trade chiuso: stop raggiunto

-1R; ChinaA50 wasn't going up either - not the best environment to look for the rebound on optimism. I was also impatient with the trigger: entered, though it hasn't reliably closed above the DMA(10). Unnecessary trade.