HSI at Major Trendline Support — Opportunity Knocking?Despite the intensifying geopolitical crisis due to US 'reciprocal' tariffs and US-China trade war, Beijing has been stepping up efforts to stabilise the market increase holdings to "safeguard the smooth operation of the capital market." Thus, I believe these confluence of technical and government support measures will be a bullish signal for HSI
2800 trade ideas
The game plan is clear: DCA,accumulate, and let the market work!HKEX:2800
Breakthrough downtrend channel on last Sept2024 and W-Chart formed MACD Goldencross for bullish mode.
If enter now at 24.50
Target Profit 1 Level at : 30.70 (~25.3%)
Target Profit 2 @33.50; another ~9% (cumulative + ~36%)
Target Profit 3 : ATH
Continue to DCA and accumulate; you may wait for slight retracement to add position. 24.26
Time frame : 9-24months
It created higher hi recently for W chart.
🔎 DYODD and don't listen to anyone. Invest in yourself, do some study and learn along the way while you trying to verify or finding the answer if to start invest in CHN/HKG markets.
Follow your trade plan then zen with 📙 and 🍵 while waiting for profits to be reazlied.
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Exposure to the Hong Kong Blue Chip Companies in 2800 ETFIf you have no idea how to join the recent rally bandwagon of the China parabolic stock market, the 2800 ETF may be a good pick. Here , it shows you the top holdings of this fund where you are buying into the who's who in Hong Kong !
Some may prefer to stock pick and go for individual company like Meituan, Alibaba, Tencent ,etc , to each his own.
I am vested in both this fund for diversification exposure and individual stocks as above and more. Some of the stocks mentioned in this ETF like HK Exchange is a great company with strong economy moat but its share price remains high for long term, thus I have not yet have a chance to participate !
The performance chart tells us how low we are at since 2009 and the current period. If this rally is for real, then it pays to get some 3-4% dividends while waiting for it to climb higher. A note of caution, it would not be a 8-10% jump like the individual stocks but you can sleep well at night, imo.
Please DYODD
Riding with the Trend - Hong Kong Stock marketThe HK stock market (HSI) has fallen more than 5000+ points from the high of 20,000 in July 2023. In Feb this year, I made a bold statement , making a crazy prediction that the HSI has bottomed in Jan 2023 and has been slowly accumulating this index via 2800 Tracker Fund ETF.
Fast forward to the recent week, we witnessed a straight near 10 days of bullish rallying in this index, driving mostly the tech stocks darlings like Alibaba, Tencent, Baidu, etc much higher. If you are concerned that you have missed the bottom, fret not as there are always opportunities in the market.
I believe there would be a retracement sometime next week or so and it could land on support level from 17160 to 17, 926 level. That would be another level that I would be accumulating as well.
There are many things that the Chinese government is cleaning up the stock market, managing the short sellers, adding more liquidity to the market to prevent it from falling further to boost confidence, etc. While not all the big boys are rushing in to grab a pie of this market, the tide has definitely turn one from overly bearish to cautiously bullish now.
So, if you are not into researching individual company to buy , perhaps this ETF could be a good allocation of your capital into the emerging market. With a PE of less than 10 compared to 25 for SPX, this market is very much undervalued and the potential upside far outweigh the downside. Only question is how long will it takes to become a multi-bagger. I am looking at 20-22 price level for this ETF by Q4 2024/early Q125.
Please DYODD