HSI being lifted up

Read this article and digest it for a while .....

Do you think this trend will continue ? I think so with US coming hard on Chinese Companies that were listed in USA. We have seen how JD.com, Alibaba, Tencent, Netease, etc suffered temporary setback in its share price. We can expect more companies raising additional funds by listing in HK and that means more hot money will be flowing into its share market.

We have seen the Nasdaq of Asia, Isharestech performance here and new players that are queuing to join the IPOs fever will drive the share price higher and higher.

Hopefully, HSI which has been recovering slowly from the March Low will benefit from this wave of hot money coming into Hong Kong. And I do wish there can be a good spread of industries/sectors that are not in the Tech space as well. For example, Nongfu Spring water IPOs was pretty excellent as well.

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added some long today

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Let's see next week if the bullish trend continues and break out of the resistance or have a healthy correction (good chance to accumulate more) before going higher

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Now it has broken up the resistance and closed above it. NICE ! We will see next week's action before deciding the next course of action. Congrats to all who followed.

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Hoovering at the resistance area near 27, 000 level. Once it breaks out soon, it will go up higher

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Praise the Lord. HSI has now broke out of the resistance turn support zone and is prime to go higher in 2021.......

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Praise the Lord. up 2.5%