melson
2023-09-06

cnbc headline reads "Evergrande soars over 70% leading Chinese property stocks higher after Country Garden avoids default" $LION OCBC HSTECH ETF S$(HST.SI)$   bounced off 0.695. global stocks retreats as oil makes new high after Saudi Arabia and Russia extended voluntary oil production cuts to the end of the year. hst looks bound for 0.74 according to pnf chart

$FTSE China Bull 3X Shares(YINN)$   bounced off low of 32. looks like support by the bulls is there. yinn is a good forward indicator of hst. yinn looks bound for 45 according to pnf chart.

$SGD/HKD(SGDHKD.FOREX)$   bounced off low of 5.75 after retreating from 5.82. sgdhkd tends to trend in the same direction as 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 @TigerWire   for the streak system and@TigerStars   for reviewing our posts.

merci beaucoup@Asphen   and @JinHan   for sharing your analysis. 

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Comments

  • JinHan
    2023-09-06
    JinHan
    Looks pretty risky to trade China property counters!
  • WernerBilly
    2023-09-07
    WernerBilly

    at some point, the market will stop loving news that points to a recession coming.

    • melson
      the more gloomy it is, the better the time to accumulate
  • JohnMitchell
    2023-09-07
    JohnMitchell

    need some big boywes to come help us at >> GNS

    we may have a 2021 overstock squeeze .

  • Aqa
    2023-10-17
    Aqa
    Liked! 👍🏻
  • 財運到財源滾滾到
    2023-09-27
    財運到財源滾滾到
    👏🙏
  • Asphen
    2023-09-06
    Asphen
    Good to get?
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