$LION OCBC HSTECH ETF S$(HST.SI)$ made a new high of 0.624 intraday before pulling back due to weak manufacturing pmi (large cap) of 49 below forecast of 49.5. caixin pmi (small and medium enterprise) 50.8 which is better than the 50.4 estimate.
$FTSE China Bull 3X Shares(YINN)$ is the leading indicator of hst. overnight trading activity shows there is more room to drop. there is also a gap at 19.34 to cover. yinn covers gaps but can be a few months later. lunar new year is round the corner, this may give Chinese stocks a boost.
do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.
merci beaucoup@TigerWire for hot topics to post
merci beaucoup@TigerStars for the award and reviewing our posts
merci beaucoup@Asphen for sharing your insights
bonne année !
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- royongys·01-02TOPChina and Yinn will eventually recover, this is really more of a longer term value play from 6months to 2 years. I am just accumulating more whenever there are dips.1Report
- Asphen·01-02TOPstill hopeful on this one. though I've exited from BABA1Report
- LMSunshine·01-02TOPThanks for the update on YINN buddy, appreciate loads❣️2Report
- RJR·01-02TOPGreat ariticle, would you like to share it?2Report
- Aqa·01-02TOPCongrats big profits. 2024 up!2Report