crouching dragon?

The 1-year loan prime rate (LPR), the benchmark for most corporate and household loans, was maintained at 3.45%. Meanwhile, the 5-year rate, a reference for property mortgages, was retained at 3.95% following a record reduction of 25bps in February. Both rates are at record lows, indicating that Beijing is continuing its attempt to spur an economic recovery following weak activity data in March due to headwinds from the property sector, lingering deflation risks, and fragile trade performance. 

The loan prime rate is a reference interest rate used by banks in China to price new loans to their prime customers. It is set by a group of banks under the guidance of the People's Bank of China (PBOC). The loan prime rate is typically adjusted periodically based on market conditions and monetary policy objectives.

economists expects another 10 basis points reduction of 1 year loan prime rate to 3.35% in order for the economy to be revived. 

looking at the pnf charts of $SSE Comp(000001.SH)$  $HSI(HSI)$  , they showed a breach of the downtrend red line. but if you observe the previous breaches, most of them are false breakouts. will the breakout this time sustain? 

$Direxion Daily FTSE China Bull 3X Shares(YINN)$ is the leading indicator of hsi and ssec as overnight trading is allowed and hence we can observe a few hours preview of the market direction. currently it is down 3%

all 3 pnf charts shows that they are at resistance zones formed by previous higher lows.

the national team had given the market a boost from recent all time low by buying up etf. 

yinn might pullback to 16.65 before rallying again. 

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  @TigerWire  @koolgal  @Asphen