Hang Seng IndexLong
where we are in Hang Seng Index
From a hated market to one that is talk of the town , how long more will HSI enjoy this glorious moment? Will it short lived as shown on the chart ? In Jan 2023, it crashed more than 30% to 14, 696 before the government announced measures to prop it up. State banks and insurance companies were tasked to buy up the indices and interest rates were low to help them tide over.
Then in Oct 2024, the 2nd peak arrives and people were hoping it will surpassed the first one and continued the rally. Much to their disappointment, it went south for another 20% before what we are witnessing now.
Will this 3rd round of peaking be the same? Another 10% drop or will it goes sideway for a while before finding strong buying momentum from other fund investors and retail investors who are still sitting on the side bench and waiting for an opportunity to get in?
A pull back of 5-10% will be healthy as it has been going up for these past weeks. Thanks to Deepseek and now we are seeing many Chinese Tech firms collaborating with them.
Please note that those who bought 2-3 years back in 2021/2 may not be able to hold their positions for too long. They wanted to break even or take a small profit and thus some selling is expected at this current price level.
Accumulate on weakness.
Then in Oct 2024, the 2nd peak arrives and people were hoping it will surpassed the first one and continued the rally. Much to their disappointment, it went south for another 20% before what we are witnessing now.
Will this 3rd round of peaking be the same? Another 10% drop or will it goes sideway for a while before finding strong buying momentum from other fund investors and retail investors who are still sitting on the side bench and waiting for an opportunity to get in?
A pull back of 5-10% will be healthy as it has been going up for these past weeks. Thanks to Deepseek and now we are seeing many Chinese Tech firms collaborating with them.
Please note that those who bought 2-3 years back in 2021/2 may not be able to hold their positions for too long. They wanted to break even or take a small profit and thus some selling is expected at this current price level.
Accumulate on weakness.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.