Hang Seng Index Technical Analysis – China is going all in ...Middle East

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Hang Seng Index Technical Analysis – China is going all in
Fundamental OverviewThe Chinese Politburo announced that it will adopt a “moderately loose” strategy for monetary policy for 2025, which marked the first major shift in stance since 2011. Moreover, the language around fiscal policy was stepped up to “more proactive” from just “proactive” in another sign that Chinese officials intend to ease policies more forcefully to prop up the economy. The market will now expect big rate cuts and asset buying, which should support the stock market going forward.Hang Seng Index Technical Analysis – Daily TimeframeOn the daily chart, we can see that the Hang Seng broke above a downward trendline that was defining the bearish momentum on this timeframe. The

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