$LION OCBC HSTECH ETF S$(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.
Comments
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.
HST.SI is a good investment for investors who are looking to gain exposure to the technology sector.
I think the technical analysis suggests that HST.SI is bullish in the short term.
SG stocks need more motivation!!