HSI
Added 2024-11-08 11:58:48 +0000 UTCA stimulus measure was announced, this is now confirmed, China will be injecting up to $1.4 Trillion into its economy of the next 2-3 years, this is the first Fiscal Announcement and their plan is clear, to pump the economy to get it growing again and start the economic reversal.
We are not in Wave 1 here or in Wave 3....we are in Wave 5 now....I am having the same conversation as I did at the start of the year when the HSI was at 14830 and it is taking to get to Wave 5 for some people to still be convinced where this is going
I get that you feel that Chinese positions are not treated the same way as US stocks and that is likely down to how long you are investing, if you only started investing from 2021, you only no of a decline in Chinese positions.
Which is why you always need to look at the bigger picture, the HSI's ATH is at 33,662 and had a massive run from 2008 to 2018, over 10 years, nobody doubted the strength of China then.... Chinese positions ran exactly as strong as US positions over this period...$BABA was once at $320.
There is going to be different levels of experience and knowledge in this group, it takes time to build up this knowledge but you must try and start progressing, otherwise keep it safe and stay in your comfort zone because it takes commitment to stick to a strategy.
The ADRs we have bought are undervalued, with a margin of safety, the trend here is clear.
The HSI is -1% today and is retesting a higher low on the 0.38 Fib at 20649, there is nothing else to confirm, except that it is testing a higher low.
Charts have no emotion, this is why algorithmic trading has exploded, they have their criteria and they execute their strategy, that's it.
