Fundamental OverviewThe PBoC tonight announced new easing measures which included further rate cuts and stock buyback funding. Moreover, we got some positive economic data with Retail Sales and Industrial Production beating expectations by a big margin. These catalysts might see dip-buyers piling into the market again after last week’s big correction. Hang Seng Index Technical Analysis – Daily TimeframeOn the daily chart, we can see that the price bounced around the 20K level where we had also the 50% Fibonacci retracement level. The area between the 20000 and 19600 level is a strong support zone for the buyers. The target should be a new cycle high. The sellers will want to see the price br
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