Banging on domestic tourism, hospitality sector picking up, Covid-19 situation improving, PMI data improves, possible US- China trade tariffs lifted soon , Central government determination to shore up the economy, urbanisation rate increasing, more people returning to work
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we see a near triple bottom pattern forming with yesterday closing price at around 3630 level, coincide with previous low in March 2020 and May 2019.
Other than the Covid-19 zero policy, I think all the negative news that had hit China are already factored in. Near term, there is bound to some turbulence but if you have a longer time frame, I think this is the best time to get in
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3549 level seems like a strong support.... we have a nice bullish engulfing candle at the close. Let's wait for next week to see if the rally continues and see if any pattern emerge