Get started
cicatrace

What happens when a multi year RSI downtrend is broken?

Long
Hang Seng Index (TVC:HSI)  
cicatrace Updated   
TVC:HSI   Hang Seng Index
Trend Analysis Technical Indicators Hang Seng HSI
3
0
trendanalysis indicator hsi
The answer is usually an explosive move to the upside. The monthly RSI is close to being in oversold territory, so if someone wants to pick up some Chinese tech stocks, I think now is probably a good time to do so despite all the regulatory risks.

Good luck with your trades
Comment:
Obviously this might take a while to play out. When the covid lockdown in China and supply chain issues get resolved, this will probably be the catalyst for this rally.
Comment:
Buy and hold Chinese tech stocks, you'll be happy you did in 5 years. This setup is too great to ignore.
Comment:
Already up 20% on Alibaba
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.