Jiming Huang / Blog
Today China’s National People’s Congress reduced its economic growth target to 6.00-6.50%, announced a policy of “easing for stability” and initiated meaningful tax cuts. Policy remains focused on fiscal stimulus over credit expansion...
Pivot (invalidation): 56.05 Our preference Long positions above 56.05 with targets at 56.65 & 57.00 in extension. Alternative scenario Below 56.05 look for further downside with 55.55 & 55.05 as targets...
Pivot (invalidation): 15.2700 Our preference Short positions below 15.2700 with targets at 15.0000 & 14.8400 in extension. Alternative scenario Above 15.2700 look for further upside with 15.3900 & 15.5000 as targets...
Pivot (invalidation): 1292.50 Our preference Short positions below 1292.50 with targets at 1282.50 & 1276.50 in extension. Alternative scenario Above 1292.50 look for further upside with 1297.00 & 1304.00 as targets...
Pivot (invalidation): 2780.00 Our preference Long positions above 2780.00 with targets at 2803.00 & 2816.50 in extension. Alternative scenario Below 2780.00 look for further downside with 2764.00 & 2750.00 as targets...
Pivot (invalidation): 11582.00 Our preference Long positions above 11582.00 with targets at 11650.00 & 11690.00 in extension. Alternative scenario Below 11582.00 look for further downside with 11515.00 & 11415.00 as targets...
Pivot (invalidation): 5.3670 Our preference Long positions above 5.3670 with targets at 5.3980 & 5.4050 in extension. Alternative scenario Below 5.3670 look for further downside with 5.3490 & 5.3340 as targets...
Pivot (invalidation): 0.7100 Our preference Short positions below 0.7100 with targets at 0.7065 & 0.7035 in extension. Alternative scenario Above 0.7100 look for further upside with 0.7120 & 0.7145 as targets...
Pivot (invalidation): 1.3290 Our preference Long positions above 1.3290 with targets at 1.3340 & 1.3370 in extension. Alternative scenario Below 1.3290 look for further downside with 1.3270 & 1.3240 as targets...