yinn yang

The recent rally in the Chinese stock market can be attributed to several factors:

Positive sentiment from the debut of a Chinese electric vehicle (EV) maker on Wall Street: The successful debut of Geely Group's Zeekr, which ended around 33% higher, has generated optimism and boosted investor confidence in the Chinese EV sector.

Changes in reporting of offshore money flows: China's key mainland indices, the Shanghai and Shenzhen exchanges, have started disclosing trading via links with the Hang Seng in Hong Kong once daily. This change in reporting has created a sense of stability and improved sentiment among investors.

Better-than-expected financial performance of Tencent Music Group: Tencent Music Group reported a Q1 revenue decline of 3.4%, which exceeded analyst estimates. The growth in online music services and higher gross margins contributed to the positive performance of the stock.

It's important to note that these are just a few factors influencing the recent rally in the Chinese stock market. Market movements can be influenced by a wide range of factors, including economic data, policy changes, investor sentiment, and global market trends.

$Direxion Daily FTSE China Bull 3X Shares(YINN)$ is the leading indicator of the Chinese stock market. overnight trading is available, hence you can catch a glimpse of the market direction before the normal trading hours. the pnf chart shows a break above the resistance zone, making a new high. this is bullish. it may continue until 35. this bullishness may be stoked by possible rate cut hopes by the bank of England and ecb. the daily candlestick chart shows the candlesticks staying above 200 day moving average. the 50 day moving average is also about to cross the 200 day moving average. 

$HSI(HSI)$  has also broke above resistance zone. it may be heading for 20,100. 

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@TigerStars  @TigerWire  @Daily_Discussion  @Asphen  @koolgal