馃嵍 IT IS TIME TO TALK ABOUT HONG KONG 馃嵍
In the past, Hong Kong did not belong to #China (it was a territory of the United Kingdom). Today, it is Chinese territory for 20 years. It is important to point out, because Hang Seng will be used as proxy from China economy. However, there are differences and the reader must be warned.
Due to international tensions (started in 2019), some Chinese companies may be delisted in 2024 from the #NYSE and #NASDAQ. Given this, it is likely that they will take refuge in the Hong Kong Stock Exchange. Any trader or investor know this. However, after the third re-election of the president, the stock market looks anxious and very depressed. As matter of fact, since 2018, the #HKSE is a big looser with their great bear market.
However, there are highlights to be optimistic, which will not be mentioned in this post. If we assumed the big bottom at ±14,674 pts., might be an upside to ±24,079 pts, and perhaps in the very long term at ±26,298 pts. However, this will be possible if the next support is at ±19,113 pts. (it is still waiting to be confirmed). By the way, in the short and medium term, the volatility can be between ±21,859 and still ±24,079 pts. In any case, his government still has a lot to prove to overcome its historical mid-trend line.
The best analysis is yours!
Due to international tensions (started in 2019), some Chinese companies may be delisted in 2024 from the #NYSE and #NASDAQ. Given this, it is likely that they will take refuge in the Hong Kong Stock Exchange. Any trader or investor know this. However, after the third re-election of the president, the stock market looks anxious and very depressed. As matter of fact, since 2018, the #HKSE is a big looser with their great bear market.
However, there are highlights to be optimistic, which will not be mentioned in this post. If we assumed the big bottom at ±14,674 pts., might be an upside to ±24,079 pts, and perhaps in the very long term at ±26,298 pts. However, this will be possible if the next support is at ±19,113 pts. (it is still waiting to be confirmed). By the way, in the short and medium term, the volatility can be between ±21,859 and still ±24,079 pts. In any case, his government still has a lot to prove to overcome its historical mid-trend line.
The best analysis is yours!
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