Chinese equities — seemed to have bottomed

Chinese equities — seemed to have bottomed and look primed for a breakout on the EMA Ribbons which usually confirms a buy signal. Also the additional liquidity being pumped in the Chinese market is fueling the recovery as measured by M2 and the Quantitative Easing as measured by the Chinese Central bank Balance Sheet.
Price targets are at the FIb 0.5 level at 3165 and if they breakouts then next price target is at 0.618 level at 3290