Due to the repeated news of Chinese government's crackdown on the monopolistic practices of Chinese Technology companies that worried some investors on the long term impact of investing in these companies and the we have seen a prolonged sell off by both retailers and institutional investors in many of the Chinese Tech companies namely Alibaba (
9988 and Tencent
700. However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen 
HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as BABA, thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead.
9988 and Tencent700. However, the good news is that the impact of these policies are likely to have minimal impact on the business model of these companies targeted and also from the technical aspect, we have seen HSI hitting a confluence horizontal and long term trendline support line with bullish candlesticks formed over the past few trading days. Moreover, signs of capitulation can be seen in big constituents of HSI such as BABA, thus further suggesting that a reversal might be around the corner. In retrospect, many of these great Chinese companies are very undervalued served as a great opportunity for investors to hop on and catch some great profits ahead. 
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.