$LION OCBC HSTECH ETF S$(HST.SI)$ jumped 3.5% this morning upon this announcement "China halves stamp duty on securities transactions, lowers margin requirement for buying stocks to boost investor confidence"source scmp.com.
the gap down at 0.715 (as previously mentioned in my post) got filled this morning .
the stimulus measure may push hst up to 0.76 where the resistance zone is.
overnight trading of $FTSE China Bull 3X Shares(YINN)$ made an intraday high of 34. it will likely push up to 38.47 to close the gap down. yinn and hst trend in the same direction and yinn is a good leading indicator for hst
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup @TigerStars for reviewing our posts.
merci beaucoup@Asphen and @LMSunshine for sharing your analysis.
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