accumulation?

Asian markets kick-start data-heavy week higher as China industrial profits rose during the first four months of the year, according to official data.

China's industrial profits rose 4.3% year on year in the January to April period, data from the National Bureau of Statistics showed.

More economic data from China and India is also due later this week. The world's second-largest economy will release its official purchasing managers' index reading on Friday, while India will post its fiscal fourth-quarter gross domestic product numbers. (source: cnbc)

$Direxion Daily FTSE China Bull 3X Shares(YINN)$ pnf chart shows a confirmation of trend reversal. it is now at support zone. the industrial profit data is a good sign. the rest of the economic data will decide whether the china rally will continue. if data disappoints, it might correct to 23.

$HSI(HSI)$  pnf also showed a confirmation of trend reversal. it is also at support zone. if the support zone fails to hold, it will slide to 17,583.

the Chinese market is also affected by the fed interest rate holding at 5%. inflation resilience at 3%  is making the fed hold rates at this level for longer. rate cut may only start in November. 

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  @Daily_Discussion  @TigerWire  @koolgal  @Asphen