Hang Seng Index - A potential multi bagger in the long term

Feb 27, 2023

Read the latest article here

With this mask off policy, we can expect more people to come out of their home and resume their pre-Covid days - shopping, meeting friends at cafe, more dining out, weekend travel,etc. This is good news for local consumption along with the incentives that the Government is currently offering.

I posted here to go LONG on HSI late last year when it breached the all important weekly bullish trend line. Macroeconomic data and news gave me the assurance that the major storms have passed and it is only a matter of time before Hong Kong picked up its pace and roar back into action once more.

This week will , imo be another good opportunity to go LONG or accumulate for those who had done so.

Mar 1, 2023

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Praise God, I managed to get in and voila, it went up 800+ points due to China good data.

Mar 3, 2023

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cnbc.com/2023/03/03/chinese-stocks-usually-gain-after-congress-meeting-what-to-expect.html

Mar 22, 2023

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This morning it will be a good move to load up on this index ,imo. Please DYODD

Mar 22, 2023

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congrats! Praise the God! It is now up more than 300 points!

Apr 3, 2023

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next target around 22,000 price level before we see a meaningful retreat and then another rally

Apr 26, 2023

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scmp.com/business/article/3218465/hsi-compiler-proposes-allowing-foreign-companies-become-blue-chips-buoying-efforts-attract-more?module=hp_section_hong_kong&pgtype=homepage

Jul 25, 2023

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scmp.com/business/china-business/article/3228650/chinas-shopping-centre-and-street-shop-landlords-offer-rental-discounts-contain-retail-space?module=AI_Recommended_for_you_In-house&pgtype=homepage

Aug 6, 2023

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scmp.com/news/hong-kong/hong-kong-economy/article/3230147/hk17-billion-hong-kong-business-boost-and-4000-new-jobs-trumpeted-finance-secretary-paul-chan?module=hp_section_hong_kong&pgtype=homepage

Aug 17, 2023

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Will we see a triple bottom support rally from here or will it continue to falter and revisit the next support at 16592?

Aug 21, 2023

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shine.cn/opinion/2308207145/

Jan 19, 2024

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scmp.com/comment/letters/article/3248926/cryptocurrency-etfs-hong-kong-lets-walk-we-can-run?module=opinion&pgtype=homepage

Feb 6, 2024

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scmp.com/economy/china-economy/article/3251009/all-not-well-chinas-economy-rhodium-group-report-warns-slamming-beijings-lack-structural-reform?module=top_story&pgtype=homepage

Feb 14

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It is highly probable that next week or so we may see some retracement of this index as it has been on a roaring tear for the last 2 weeks. Note the sharp spikes at 22, 600+ price level which was last seen on 7 Oct 2024, 30 Jan 2023 and 27 Jun 2022. Triple top formation - technically should be bearish.......but who can say for sure .......