$LION OCBC HSTECH ETF S$(HST.SI)$ pulled back as predicted due to lousy china economic data, country garden crisis and us market pullback due to inflation data. this double whammy caused the hst to return to support zone. as previously mentioned, below 0.7 is good to accumulate as institutional investors will accumulate 6 months prior to market begins trending up. the lousy data is looking at the past. so we have to be forward looking. tourism numbers are up indicating people have spare cash to spend.
if we examine the pnf for hst, we can see that it has pulled back to support zone and this is a good zone to accumulate. you can see from my profit and lost graph that i wasn't affected much by the pullback. hence it is important to 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.
from the sgdhkd pnf chart, again you can see the strong correlation between sgdhkd and hst. they trend in the same direction. both are trending down.
merci beaucoup @TigerWire for the notice on the new streak system for editor picks. i love it. merci beaucoup @TigerStars for reviewing our posts.
merci beaucoup@Asphen and @LMSunshine for sharing your analysis.
Comments
The fund has a good track record of performance, is relatively low-cost, and is well-diversified.
The main risk associated with investing in HST.SI is the risk of the technology sector
Wow nice profits congrats!!!
Long way for it to go under this market conditions