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(21-08-2024, 11:26 AM)revealer Wrote: Cannot close above 17,700. Gone case if break below 17,200
So far the twisting of policy to rescue the falling economy has not worked well. Presently, China is said to be in a liquidity trap in which the credit demand and economic growth is not recovering when they lower the interest rate. Japan had a similar problem in 1997-1998 and they lost decades of economic growth.
Therefore, it is very unlikely that we will see HSI and SSE picking up their momentum to rise if the liquidity trap is still persists.
https://www.bcaresearch.com/reports?r=7e...0a2a54c71e
Omi.. Thank you for bumping up the message.
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(14-08-2024, 01:15 AM)sgbuffett Wrote: I maintain HSI will spike up from the level I stated 17150.
It is good entry point for those who want to go long for next few months.
HSI now at 17600
I expect an attempt to run up towards 18K and test the resistance.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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This 2 days is a major movement as it goes into 秋分..
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(22-08-2024, 03:27 PM)sgbuffett Wrote: HSI now at 17600
I expect an attempt to run up towards 18K and test the resistance.
![[Image: WV0aNI5.jpeg]](https://i.imgur.com/WV0aNI5.jpeg)
Baidu n netease crash.
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Just another trading day ..
Some losses among HK listed tech stocks. Netease and Baidu sold off after their earnings The earnings are so so near expectations and these stocks Given the low valuations and cash held by these stocks one would think the expectations are very low already so I am rather surprised they went down so much.
Ping An results is pretty good but the stock move up only a little.
Other than tha HSI held on to most of its gains in last 2 weeks. Lots of flushing out of short term and medium term traders who chased the rally that starter in Feb thjs yr ...when the bulk of the rally become undone most of them got out.
That was the 4th bear market rally ...
In a perverse way it's good that most investors have given up on China and HK ....I look through most of the earnings report and feel lots of hidden strength in the China econkmy is under appreciated. All these may come to play as the US economy weakens and Fed cuts rates. ....the high dividend yields of Chinese stocks become harder to ignore.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 23-08-2024, 03:03 PM by
sgbuffett.)
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(23-08-2024, 02:57 PM)sgbuffett Wrote: Just another trading day ..
Some losses among HK listed tech stocks. Netease and Baidu sold off after their earnings The earnings are so so near expectations and these stocks Given the low valuations and cash held by these stocks one would think the expectations are very low already so I am rather surprised they went down so much.
Ping An results is pretty good but the stock move up only a little.
Other than tha HSI held on to most of its gains in last 2 weeks. Lots of flushing out of short term and medium term traders who chased the rally that starter in Feb thjs yr ...when the bulk of the rally become undone most of them got out.
That was the 4th bear market rally ...
In a perverse way it's good that most investors have given up on China and HK ....I look through most of the earnings report and feel lots of hidden strength in the China econkmy is under appreciated. All these may come to play as the US economy weakens and Fed cuts rates. ....the high dividend yields of Chinese stocks become harder to ignore.
![[Image: ZVMVeaV.jpeg]](https://i.imgur.com/ZVMVeaV.jpeg)
Before this Sgbuffett tot u said u look their all and all and China economy is goner. Very suddenly u look thru again and saw there is so many hidden strength in economy? Miracle?
(This post was last modified: 26-08-2024, 01:44 PM by
Zannn.)
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(14-08-2024, 01:15 AM)sgbuffett Wrote: I maintain HSI will spike up from the level I stated 17150.
It is good entry point for those who want to go long for next few months.
I expect HSI to test key 18K level .l tomorrow.
While the momentum is moderate I detect a lack of sellers with buying concentrated on dividend stocks like China Mobile and Petrol China. As well as major bank.
Last few days HK based property stocks also move up.
All these compensated for falls in e commerce stocks like JD and Alibaba.
Of all the rallies that ended and went down since the bear market started. This rally is perhaps the most "quiet" rally because no analysts came outvto say "worst is over now China/HK stocks can buy:.
Maybe it's true...the saying that when the real rally comes nobody will believe and miss it until it has run up alot.
Current rally is not powered by the popular tech stocks but by china banks and HK based property stocks
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 27-08-2024, 07:44 PM by
sgbuffett.)
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China is back from mao era? That’s gd news
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18K above hit tonight and tomorrow likely...
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