Hello, good day traders! ๐๐ค
I'm currently in a buy๐ setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up.
๐ฐFundamentally,
- Hong Kong stocks are up around 3% following reports that the city is considering relaxing the Covid rule.
- The Hang Seng index closed 3.38% higher at 19,450.23, while the Hang Seng Tech index gained 6.64%, bucking the trend in the rest of Asia-Pacific, which was weighed down by persistent recession fears
๐คOn the technical front,
1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud. I have entered a buy entry at 18235.48, where the previous swing low and 50% Fibonacci line are located.
2.) My stop loss will be at 16829.00, slightly below where the 23.6% Fibonacci line and -27.2% Fibonacci expansion line intersects.
3.) I am waiting to take profit at 20696.83, which is where the 78.6% Fibonacci line is located.
Trade Entry recommendations:
Buy Entry: 18235.48๐
Take Profit: 20696.83 ๐ฒ
Stop Loss: 16829.00โ
Other tickers to recommend:
For 5x Long Leverage: $HSI 5xLongSG230420(CWAW.SI)$
For 5x Short Leverage: ${{143e83f971db4b9dac59d435281f410d}}
In addition, the first person to find the World Cup Tiger and comment "Tiger is here" will receive a special gift.
Comments
Tiger is here