Hang Seng Index to rise further? 📈 ( China ends quarantine )

Hello, good day traders! 👋🤙

I'm currently in a buy📈  setup for $HSI(HSI)$ , with both fundamental and technical indicators to back it up.

📰Fundamentally,

  • China says it will end quarantine for inbound travelers on January 8, signaling the end of the country's nearly three-year-old zero-Covid policy.
  • According to health officials, the country also downgraded Covid from its current top-level Category A to a less stringent Category B.

🤔On the technical front,

1.) Looking at the H4 chart, I have a bullish bias for HSI with price above the Ichimoku cloud, indicating a bullish market. I am looking for a possible buy stop entry at 19926.48, where the recent highs are located.

2.) My stop loss will be at 18885.20, where the 20% Fibonacci line and recent low are located.

3.) I am looking to take profit at 22423.51, where the previous swing highs are located.

Trade Entry recommendations:

Buy Entry: 19926.48📈

Take Profit: 22423.51 💲

Stop Loss: 18885.20❌

Other tickers to recommend:

For 5x Long Leverage: $HSI 5xLongSG230420(CWAW.SI)$ 

For 5x Short Leverage: $HSI 7xShortSG230920(CZBW.SI)$ 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Shan_shine
    ·2022-12-28
    Time for HSI to shine in 2023
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  • An Long
    ·2022-12-28
    [smile] [smile]
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  • TBI
    ·2022-12-28
    probably. but it might still pullback heavily
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  • BettyT
    ·2022-12-28
    A good read. Thanks
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  • vinH
    ·2023-01-02
    Thank for sharing
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  • WKB
    ·2022-12-29
    Sure can go higher
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  • 拍拍喵
    ·2022-12-29
    [微笑]
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  • wingcheong
    ·2022-12-29
    Excellent.
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  • Klim8898
    ·2022-12-29
    ok
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  • Fayedea
    ·2022-12-29
    Great
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  • Annie Lee
    ·2022-12-28
    👍
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  • FooSingFat
    ·2022-12-28
    OK
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  • meurasian77
    ·2022-12-28
    ok
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  • dhf1354
    ·2022-12-28
    cool
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  • AhSong
    ·2022-12-28
    Reply
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  • cowsmile
    ·2022-12-28
    M
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  • Oldhead
    ·2022-12-28
    Hopefully.
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  • GordonLee66
    ·2022-12-28
    良好共享
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  • DarkFate
    ·2022-12-28
    Like
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  • CCX888
    ·2022-12-28
    good
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