1180 buy on breakout
Stoploss below 1150
Fundamental support
-Cheap valuation below 5Y fwd PE at -1SD
-High next 12M EPS growth over MSCI EM
Risk factor
-2Q24 corporate debt roll over period will deteriorate retail investor sentiment
Stoploss below 1150
Fundamental support
-Cheap valuation below 5Y fwd PE at -1SD
-High next 12M EPS growth over MSCI EM
Risk factor
-2Q24 corporate debt roll over period will deteriorate retail investor sentiment