$LION OCBC HSTECH ETF S$(HST.SI)$ jumped 6% in positive response to central government policies. $SGD/HKD(SGDHKD.FOREX)$ also jumped. sgdhkd has a strong correlation to hst. they trend together in the same direction.
if you examine the pnf for hst, it is now facing resistance, so tonight's fed statement may provide further catalyst for breaking above the resistance zone. continue to accumulate if price falls below 0.69. if you look at the bolinger band, the price is approaching the moving average. earning money from this etf as it trends down is tough, hopefully it will let me earn money easily by trending upwards.
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 @TigerStars for reviewing and promoting our posts.
merci beaucoup @Asphen , @Aqa and @LMSunshine for sharing your analysis.
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