This Rare Bullish Signal Bodes Well for Hong Kong Stock Rally

Bloomberg2023-01-27

Hong Kong’s benchmark stock index has formed a so-called “golden cross”, a technical pattern seen as a bullish signal to some investors. The Hang Seng Index’s 50-day moving average has crossed above ...

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valentia
2023-01-27
valentia
Love the ❌ sign

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The Hang Seng Index’s 50-day moving average has crossed above ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-27/rare-bullish-signal-bodes-well-for-hong-kong-stock-rally?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","HSTECH":"恒生科技指数","HSCEI":"国企指数"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-27/rare-bullish-signal-bodes-well-for-hong-kong-stock-rally?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111901387","content_text":"Hong Kong’s benchmark stock index has formed a so-called “golden cross”, a technical pattern seen as a bullish signal to some investors. The Hang Seng Index’s 50-day moving average has crossed above the gauge’s 200-day moving average, following the benchmark’s 54% rally since an October trough.When the pattern last emerged in November 2020, the benchmark advanced 11% in the following three months. 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