$LION OCBC HSTECH ETF S$(HST.SI)$ mount a 3 day technical rebound, likely due to oversold conditions due to china real estate crisis. it is likely headed for 0.715 to close the gap down.
$SGD/HKD(SGDHKD.FOREX)$ continues to rally. sgdhkd tends to trend in the same direction as hst.
$FTSE China Bull 3X Shares(YINN)$ overnight trading activity suggests technical rebound will continue until gap down at 38.47 is filled. yinn is a good forward indicator of hst.
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 @Asphen and @LMSunshine for sharing your analysis.
merci beaucoup @TigerStars for promoting and reviewing our posts.
Comments
Given the guidance of the chart, YINN seems to be a good long trade I will continue to add to the trade when the chart tells me the time is right.
YINN is a 3X leveraged bullish ETF of Chinese stocks. Fundamentally, the Chinese economy is open and growing.
Buyback wave set to lift Chinas market tide and sentiment.