I stare at the chart, tracing my finger along the screen, connecting the dots—the 2020 low, the 2024 low. A rising trendline emerges, like a bridge between two cliffs, steady but not invincible.
So here we are. $172. That’s where the trendline whispers support. But is it really support, or just an illusion we want to believe in?
The Logic Behind the...
Beyond technical signals, several fundamental factors support the case for going long on the Hang Seng Index:
Economic Resilience: Despite global economic uncertainties, Hong Kong has demonstrated resilience. The reopening of China's economy and the easing of COVID-19 restrictions are likely to boost business activities and investor confidence.
Corporate...
Technical Analysis
Support and Resistance Levels:
Support Level: 38,000 is identified as a significant support level. If the DJIA stays above this level, it suggests strong buying interest and confidence in the market.
Resistance Level: Identifying the next resistance levels above 38,000 can help predict potential upward movements.
Moving Averages:
50-day Moving...
