Hang Seng Index - A potential multi bagger in the long term
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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.
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.
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Praise God, I managed to get in and voila, it went up 800+ points due to China good data.
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This morning it will be a good move to load up on this index ,imo. Please DYODD
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congrats! Praise the God! It is now up more than 300 points!
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next target around 22,000 price level before we see a meaningful retreat and then another rally
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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?
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