melson
2023-08-22

$LION OCBC HSTECH ETF S$(HST.SI)$   falls as china government stimulus underwhelms. the market expected more. the chinese government is very careful about its debt. it cannot be like the us which is deep in debt and keeps increasing the debt ceiling. the us can keep increasing its interest rate and strengthen usd though it has trillions of debt. the chinese government thinks long term and is very prudent. 

$FTSE China Bull 3X Shares(YINN)$   broke support as the stimulus underwhelms. it is a good forward indicator for hst besides $Hang Seng Tech Index - main 2308(HTImain)$  . you can track overnight trading activity and decide how to trade hst when the market opens. 

$SGD/HKD(SGDHKD.FOREX)$   climbs as yuan devalues. sgdhkd and hst tends to trend in the same direction. 

hst is oversold, it has reached the bottom of the Bollinger band. short term technical rebound to mean at 0.713 is possible. 

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   and @LMSunshine  for sharing your analysis. 


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Comments

  • LeonaClemens
    2023-08-22
    LeonaClemens

    The HST.SI is facing some resistance at the 1.050 level. If it can break through this level, it could move higher in the near future.

  • LeonaClemens
    2023-08-22
    LeonaClemens

    HST.SI is a good investment for investors who are looking to gain exposure to the technology sector.

  • koolgal
    2023-08-22
    koolgal
    Thanks for sharing your valuable insights.  Would you continue to add slowly to HST in the midst of the downward trend?
    • melsonReplykoolgal:Ā 
      [Happy]šŸ„‚āœØ
    • koolgalReplymelson:Ā 
      Good strategy šŸ˜šŸ˜šŸ˜
    • melson:Ā 
      you're welcome. i will continue to add when it goes lower
  • AndreaClarissa
    2023-08-22
    AndreaClarissa

    I think the technical analysis suggests that HST.SI is bullish in the short term.

  • WendyDelia
    2023-08-22
    WendyDelia

    SG stocks need more motivation!!

  • Aqa
    2023-08-22
    Aqa
    Thanks for update. Liked, sharedand comment to sipport my friend. šŸ‘šŸ»
    • Aqa:Ā 
      Boost ot once more!
    • melson:Ā 
      [Happy] [Salute]
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