Hang Seng China Enterprises Index was already trading on a downtrend due to the real estate problems and COVID lockdowns that were plaguing the country, but the reelection of President Xi and the concerns that more emphasis will be put on political ideology rather than economic growth led to investors selling off their assets, not willing to deal with the...
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Volatility is down on the index and Bollinger band is tightening around the price variance indicating a high volatility event before the 6th of May. My bias is towards the upside of 11404, but can be a break below 10620.
