HSI
Added 2024-08-30 15:02:43 +0000 UTCThe HSI has had a fantastic month of August, jumping from 16,400 to 18,200 today
State funds in China also revealed today that they have been buying Chinese equities in Hong Kong too, coupled with the 3 year $BABA investigation finalising today and a note to say that authorities will work with $BABA going forward
Positive news all round
Price has now finished the month above the 50 and 200 Day MA, after holding and bouncing on the 0.618 Fib and green historical support line
A reminder, if you do not like Chinese companies, you do not need to buy them or hold them, I hold undervalued positions
I don't care about biased opinions towards any country
Comments
While the HSI has had a fantastic month of August, Chinese stocks listed in the US has been trailing behind. With state-backed fund buying Chinese stocks listed in the US, they might catch-up.
niorthey
2024-08-30 15:19:08 +0000 UTC
