HSI - longest bear market 2018 to 2024*Hopefully, this monthly chart reflects correctly that the bear market has ended this year in 2024 and not like some TA experts predicting that it will fall below the 15000 price level. Possible but imo, not probably......I could be very wrong so do take this with a huge pinch of salt......
If it does fall to 14, 487 price level, then it would forms a nice triple bottom formation which could means a possible trend reversal as well......
Judging from current macro environment, various government policies, etc, I gathered that price should move further up from here. Whether it is the intention of the government to let it fall further or not, it will definitely brings down the already depressed consumer sentiments that the local Chinese have towards the government. While the CCP has no worries like the US in terms of election vote, the common prosperity vision must still be uphold - this we can see the brutal yet necessary moves against the education sector, punishing the Tech giants with heavy fines and withholding their licenses ,etc.
China being the 2nd largest economy is on a fighting mode perpetually with so many areas that it needs to address - defence, aging population, corruption issues, employment, healthcare, trading, competition with other countries, etc.
If you are investing in China for the short term , then you will be disappointed as so many investors/traders had - after losing money in even blue chip stocks like Alibaba, Meituan, etc in the past years............
I believe the worst is over and now is the time for China to shine again......slowly but surely and there are many undervalued gems in China that one can choose to invest..........
