ZhongOu Fund's Luo Jiaming states that the number of stocks financing and companies listing in the Hong Kong market every year is particularly large. As soon as valuations become high, even more stocks become available, which is why its valuation is unlikely to remain elevated over the long term. However, the most admirable aspect of this market is that it hosts China's most outstanding companies, representing the nation's most dynamic entrepreneurs and the best industries, ensuring it holds long-term value. Therefore, during periods of high market volatility, his strategy is to capitalize on these fluctuations to acquire high-quality assets at very low prices.
A golden cross signal has formed in the MACD indicator, and these stocks are performing well with notable gains!
Comments