🌟🌟🌟When the Hang Seng broke through the psychological 4,000 point support level, it wasn't a calm, rational reassessment of corporate earnings. It was the absolute selloff of forced liquidations and technical panic.
Breaking 4,000 points triggered a catastrophic domino effect: automated stop loss orders happened all at once, margin calls forced immediate selling and risk managers dumped shares into a collapsing market.
But wait! If you have the courage to look through the selloff, it is the best time to go bargain hunting.
My top pick is $TENCENT(00700)$ as it is the undisputed crown jewel of China's digital economy. Tencent controls WeChat, a platform deeply woven into the fabric of daily life for over a billion people.
Tencent's share price is down 38.04% year todate. Tencent rewards patient investors with a good share buyback program and a dividend yield of 1.37% while waiting for capital growth.
It is action time!
@TigerStars @Tiger_comments @Tiger_SG
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